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Rogelio |
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2018/06/29 |
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1 |
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I've been made redundant cashadvancenow.com Patriot Coal notified lenders in late July that thecompany's operating earnings would likely fall short of thirdquarter targets required in the DIP credit agreement. A defaulton the DIP financing could have enabled DIP lenders to stopfunding the company for the remainder of Patriot's Chapter 11case.
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