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CHICAGO, Sept 25 (Reuters) - A New York judge urged warring creditors of Arch Coal to continue out-of-court negotiations over a refinancing plan for the second-largest U.S. coal miner, according to an attorney who was present at a hearing on Friday. Justice Saliann Scarpulla of the New York State Supreme Court did not rule on GSO's motion for a temporary restraining order against Arch lenders on Friday, asking the parties instead to pursue an agreement before the October deadline. Legal experts said a restraining order under these circumstances would be difficult to justify because GSO has to prove that it would suffer irreparable harm if the debt swap does not go ahead. GSO, which is part of private equity firm Blackstone Group LP, is represented by law firms Davis Polk and Akin Gump, while Kaye Scholer represents funds managed by firms such as Napier Park Global Capital, Oak Hill Advisors and GoldenTree asset management. Paul, Weiss, Rifkind, Wharton & Garrison represents other funds that hold Arch's loans, such as affiliates of Archview, Caspian and Blackstone. (Reporting by Tracy Rucinski and Tom Hals)
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VanEck Vectors Global Alternative Energy ETF
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PRODUCER |
CODE : ACI |
ISIN : US0393801008 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Arch Coal is a coal producing company based in United states of america. Arch Coal holds various exploration projects in USA. Its main assets in production are WEST ELK, BLACK THUNDER and JACOB'S RANCH in USA and its main asset in development is SPRUCE N° 1 in USA. Arch Coal is listed in Germany and in United States of America. Its market capitalisation is 880.5 millions as of today (€ 792.0 millions). Its stock quote reached its highest recent level on June 27, 2003 at 99.96, and its lowest recent point on October 01, 2018 at 0.01. Arch Coal has 47 442 200 shares outstanding. |