February 1, 2018 / 10:58 PM / a year ago

Unsecured creditors back coal miner Armstrong's restructuring plan

Unsecured creditors of Armstrong Energy Inc have thrown their support behind the bankrupt coal miner’s revised restructuring plan, which eliminates about $200 million in debt and folds Armstrong’s assets into a new company backed by Murray Energy Corp.

Armstrong’s official committee of unsecured creditors in court papers filed on Wednesday said they will fare better under the new plan.

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