Alpha Natural Resources Inc. is in talks to obtain financing for a potential bankruptcy filing early next month as it grapples with a severe downturn in coal prices, the Wall Street Journal reported today. The Bristol, Va., coal miner is negotiating the terms of a “debtor in possession” loan with its loan holders and senior bondholders. The new financing would help see Alpha through bankruptcy should it file for chapter 11 protection in early August, around the time some of its convertible bonds come due. The loan could total around $300 million to $400 million.
