Arch Coal Inc. completed its financial restructuring and emerged from Chapter 11 bankruptcy.
The Creve Coeur-based company said it is emerging with more than $300 million of cash on its balance sheet and a debt level of just $363 million.
Arch said it has third-party surety bonds in place covering 100 of its reclamation bonding requirements. Its total debt is 7 percent of what it was prior to restructuring.
The company will trade under the ticker symbol ARCH.
“We are extremely pleased with what we have accomplished during our highly expeditious restructuring process, and are eager to move forward with…
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