Financial Woes Build for U.S. Coal Miner Murray Energy

SUGAR LAND--October 8, 2019--Researched by Industrial Info Resources (Sugar Land, Texas)--Unless it can find a way to get out of its financial pickle, the self-touted largest underground coal mining company in America appears to be teetering on the edge of default. Murray Energy Corporation (St. Clairsville, Ohio) said last week it had entered into forbearance agreements with lenders holding more than 50% of the miner's outstanding loans. However, those agreements only last through October 14.

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