Arch Coal Files Amended Plan of Reorganization and Disclosure Statement
"The filing of this amended Plan moves Arch another significant step closer to a successful completion of our financial restructuring," said
"We appreciate the support of Arch's lenders and other stakeholders, and we are especially grateful for the continued focus and commitment of Arch's dedicated employees during this process," Eaves continued. "Thanks to our employees' efforts, we are continuing to provide exceptional service to our customers, while maintaining our position as an industry leader in safety and environmental stewardship."
A hearing to consider approval of the Disclosure Statement is scheduled for
Arch's Plan and Disclosure Statement, as well as other documents related to the reorganization proceedings, are available on a website administered by Arch's claims and noticing agent, Prime Clerk, at https://cases.primeclerk.com/archcoal. The Disclosure Statement is subject to approval by the Court, and the Plan is subject to confirmation by the Court. This press release is not intended as a solicitation for a vote on the Plan. Certain legal matters addressing intercreditor and distributional issues among the company's secured and unsecured creditors will need to be resolved by the Court unless previously settled. The company will continue its diligent efforts towards a consensual resolution of these issues.
Additional information about Arch's restructuring is available on Arch's website at www.archcoal.com/restructuring or by calling Arch's Restructuring Hotline, toll-free in the U.S., at
1-844-242-7478. (For calls originating outside the U.S., please dial 1-929-477-8086).
This press release contains "forward-looking statements" – that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance, and often contain words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," or "will." Forward-looking statements by their nature address matters that are, to different degrees, uncertain. For us, particular uncertainties arise from changes in the demand for our coal by the domestic electric generation industry; from legislation and regulations relating to the Clean Air Act and other environmental initiatives; from operational, geological, permit, labor and weather-related factors; from fluctuations in the amount of cash we generate from operations; from potential demands for additional collateral for self-bonding; from future integration of acquired businesses; and from numerous other matters of national, regional and global scale, including those of a political, economic, business, competitive or regulatory nature. These uncertainties may cause our actual future results to be materially different than those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. For a description of some of the risks and uncertainties that may affect our future results, you should see the risk factors described from time to time in the reports we file with the