Yesterday, Peabody Energy released statements
that have been unable to make interest payments on their debt. This could
spell bankruptcy for the worlds largest private coal provider.
While failure to pay these interest amounts on March 15, 2016 would not
immedicately trigger a "default" it would become a default if the payment
is not made within 30 days of that date.
The company's Form 10-K statement goes on to report:
*"As a result of these factors, as well as the continued uncertainty around
global coal fundamentals, the stagnated economic growth of certain major
coal-importing nations, and the potential for significant additional
regulatory requirements imposed on coal producers, among others, ."*
[image: Profit Loss for Peabody.png]