Monday, November 9, 2015

"Arch May File for Bankruptcy in ‘Near Term’ as Debt Mounts" $ACI

Arch’s cash flow “is not sufficient to service our debt sustainably in this operating environment,” Chief Executive Officer John Drexler said in an earnings statement earlier Monday. “Arch will require a significant restructuring of its balance sheet to continue to operate as a going concern over the long term.”


Anonymous said...

Can they make it to the next coupon payment in December?

CP said...

That's the question. They're trading for essentially just the currently accrued interest, so if they pay that coupon you get a 100c claim "for free".