UPDATE: Patriot Coal (PCX) Continues to Work with Lenders to Strengthen Financing, Hired Blackstone
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(Updated - May 22, 2012 2:27 PM EDT)
Patriot Coal Corporation (NYSE: PCX) said it is continuing to work with these lenders to strengthen its finances, including the replacement of its current credit facilities well before certain of its debt obligations become due in March 2013. Patriot Coal Corporation has engaged The Blackstone Group (NYSE: BX) and continues to work with Davis Polk & Wardwell LLP, its long-standing counsel, to achieve an optimal financing package.
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Patriot Coal Corporation (NYSE: PCX) said it is continuing to work with these lenders to strengthen its finances, including the replacement of its current credit facilities well before certain of its debt obligations become due in March 2013. Patriot Coal Corporation has engaged The Blackstone Group (NYSE: BX) and continues to work with Davis Polk & Wardwell LLP, its long-standing counsel, to achieve an optimal financing package.
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