Peabody Energy Corp.’s lenders are pushing the largest U.S. coal producer to restructure its $6 billion in debt through bankruptcy, the company said in a filing on Monday, Reuters reported yesterday. Peabody is pursuing bond exchanges to deal with its debt as coal prices decline. Its lenders are concerned that Peabody is not pursuing an in-court restructuring, according to the filing. Peabody has been trying to sell coal mines in New Mexico and Colorado to privately owned Bowie Resource Partners LLC to raise $358 million cash and relieve it of certain liabilities tied to the mines, according to a statement on Nov. 20, 2015.
