You need to worry about if you have enough to serve the interest payment first.
They will be able to meet the interest payment. The Principal due July 1, 2013 will have to be rolled over. With good ratings from rating agencies that will not be a problem.
If it was a great buy, don't you think a Chinese vertical would scoop them up?Why pay $2B for $4B in debt?
I would think the Chinese want the Coal and not the debt! What's the coal worth is the real question..ACI is trading at what .35 of book value now? the sector will turn at some point, everyone is hurting for now.