By Jonathan Randles, Wall Street Journal, April 14, 2020

Coal supplier’s advisers say they are negotiating a forbearance agreement with bankruptcy lenders.

Murray Energy Corp., the nation’s largest private coal producer, said Tuesday it is negotiating to resolve lenders’ allegations that it breached its $450 million chapter 11 financing package.

Murray has been cut off from its bankruptcy financing after lenders alleged a series of breaches to their credit agreement, company advisers testified during a telephone hearing in the U.S. Bankruptcy Court in Columbus, Ohio.

Lenders could agree to a 30-day forbearance period, but no such agreement is guaranteed, Murray’s advisers said.

https://www.wsj.com/articles/murray-lenders-claim-breaches-of-450-million-bankruptcy-loan-11586896755

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