"Peabody Energy Corp, the world's largest privately owned coal producer, filed for U.S. bankruptcy protection on Wednesday in the wake of a sharp fall in coal prices that left it unable to service a recent debt-fueled expansion into Australia.
The company listed both assets and liabilities in the range of $10 billion to $50 billion, according to a court filing.
The case is in the U.S. Bankruptcy Court for the Eastern District of Missouri, St. Louis, case number 16-42529."
Tracy Rucinski and Tom Hals report for Reuters April 13, 2016.
Source: Reuters, 04/13/2016
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