Newspaper article St Louis Post-Dispatch (MO)

Clayton-Based Armstrong Energy Warns It May File for Bankruptcy Protection

Newspaper article St Louis Post-Dispatch (MO)

Clayton-Based Armstrong Energy Warns It May File for Bankruptcy Protection

Article excerpt

Armstrong Energy, citing "recurring losses from operations," says it could be headed to bankruptcy court.

The Clayton-based coal company, in a filing Friday with the Securities and Exchange Commission, said "it may be necessary" to voluntarily seek Chapter 11 relief to allow it to restructure, or that "creditors could force us into an involuntary bankruptcy or liquidation."

Armstrong, which has been working in recent months to restructure its finances, operates five mines in western Kentucky and touts itself as a leading supplier of thermal coal used for electricity and heat generation in the Illinois Basin, which also includes swaths of Southern Illinois and Indiana.

In its SEC filing, the company reported a $17.2 million second-quarter loss on revenue of $60. …

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