"Arch Coal Announces Another Extension of Debt Swap Offer"

"Arch Coal, the nation's No. 2 coal miner, said Thursday it has extended a deadline on private offers to swap debt until Oct. 26.

The exchange offer was previously set to expire at midnight (EST) Sept. 23.

Arch is saddled with $5.1 billion of debt, and is seeking a deal with creditors to swap existing bonds for new securities with longer maturities, which would help the company cut its obligations and ride out a slump in coal prices that's driven several other coal miners into bankruptcy, including Alpha Resources, Walter Energy and Patriot Coal."

The St. Louis Post-Dispatch had the story September 24, 2014.

SEE ALSO:

"Arch Coal Needs To Burn More Coal Than Cash To Avoid Chapter 11" (Reuters)

"Peabody Energy Stock Declines as Coal Futures Slide" (The Street)