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[$$] Cloud Peak Energy Skips Interest Payment; Bankruptcy on the Table

Inc., a company that mines thermal coal, said Friday it is skipping a $1.8 million interest payment and could file for chapter 11 protection as it continues talks with creditors about restructuring its balance sheet. Cloud said if it defaults, or the debt is accelerated, the company doesn’t “have adequate liquidity to repay the principal balance” on its debt. The subsidiary has a $17.4 million interest payment due May 1 on the 2021 bonds.