Patriot Coal In Ch. 11 Plan Talks With Hedge Funds
Aurelius Capital Management LP and Knighthead Capital Management LLC — who would backstop the rights offering — are currently negotiating potential plan terms with Patriot, according to a motion filed in Missouri bankruptcy court.
Patriot’s motion asked U.S. Bankruptcy Judge Kathy A. Surratt-States for permission to pay the two hedge funds’ fees...
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