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The Coal Miner 'On Everybody's List' as <br />Next Bankruptcy Victim <br />Jodi Xu Klein Tim Loh <br />jodixu TimLoh <br />January 20, 2016 — 6:51 PM MST <br />Updated on January 21, 2016 — 10:29 AM MST <br />00- 'People are wondering: What's the next shoe to drop?': Cutter <br />10- Peabody's board needs to consider restructuring: Levin <br />Plummeting coal prices have pushed almost half the debt issued by U.S. coal companies into default, and for <br />miners and their investors there's no end in sight. <br />Patriot Coal Corp., Walter Energy Inc. and Alpha Natural Resources Inc. have all filed for bankruptcy in the <br />past year. Now that Arch Coal Inc., the second largest coal miner in the U.S., has 'off ined their ranks, <br />investors are wondering if the biggest, Peabody Energy Corp., could be next. <br />Debt -Laden Coal Miners <br />Peabody is next"on everyone's list" after Arch Coal filed for bankruptcy <br />Sin <br />6 <br />_3 5 <br />$ a <br />'n 3 <br />6 <br />m 2 <br />O <br />1 <br />0 <br />i him. . VMam— <br />Peabody Ards Coag AIPha Natural Consul M—WEnergy Waller Foresight Patriot Coal Cloud Peak <br />Bloomberg <br />Peabody's shares have been sliced roughly in half since Arch fled for Chapter 11 on Jan. 11, closing at <br />$3.38 Wednesday. The company's 6.5 percent unsecured bonds have lost 27 percent, or 3.1 cents on the <br />dollar, over the same period, most recently trading on Jan. 14 at 8.6 cents and yielding 99 percent, according <br />to Trace, the bond -price reporting system of the Financial Industry Regulatory Authority. <br />"Lots of people are wondering: What's the next shoe to drop? Who might be the next company? Peabody's <br />on everybody's list," said Spencer Cutter, a Bloomberg Intelligence analyst in Skillman, New Jersey, in a <br />webcast presentation about the global coal industry on Jan. 14. <br />