Illinois granted ‘superpriority’ claims to Peabody’s self-bonding obligations

August 22, 2016

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The US state of Illinois has reached a ‘superpriority’ settlement agreement with major coal producer Peabody Energy relating to the company’s self-bonding obligations in the state.
This is the fourth superpriority settlement agreement, following agreements with Wyoming, New Mexico and Indiana that were approved by the bankruptcy court August 17.

Category: General