Kentucky Coal Producer Armstrong Energy Near Bankruptcy

first_imgKentucky Coal Producer Armstrong Energy Near Bankruptcy FacebookTwitterLinkedInEmailPrint分享SNL:With an Aug. 14 deadline looming to make an interest payment, Armstrong Energy Inc. released its second-quarter earnings with warnings to investors that it is likely to default on other debt and faces a real threat of bankruptcy.Armstrong reported a net loss of about $17.2 million for the second quarter, compared to a $15 million net loss in the same period last year and a $15.4 million net loss in the first quarter.The company’s financial position worsened on June 15, when it defaulted on the terms of the indenture governing its 11.75% senior secured notes due 2019 after failing to make the $11.75 million interest payment due on the notes.More: ($) Armstrong says it likely cannot meet debt obligations, posts Q2’17 net losslast_img