On 1 November 2017, Armstrong Energy, Inc. (Armstrong) filed for Chapter 11 bankruptcy protection. The pre-packaged proceeding will allow Armstrong to be acquired by fellow Illinois Basin (ILB) producer Knight Hawk. Armstrong recently listed total assets of US$309 million and total liabilities of US$432 million in its recent 10Q and did receive a 'going concern' warning. It missed a 15 June 2017 interest rate payment of US$11.75 million on its 2019 senior secured bonds and had been in negotiations through the summer.
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Tables and charts
This report includes 1 images and tables including:
Armstrong production by mine and ILB market share (Mst and %)