On January 11, 2016, Arch Coal, Inc. announced that it reached agreements with the majority of its term loan lenders on the terms of a financial restructuring of the company’s balance sheet. In order to facilitate the financial restructuring, Arch and its affiliated debtors (collectively the “Debtors”) filed voluntary petitions for reorganization under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the Eastern District of Missouri. The Debtors’ cases are pending before the Honorable Charles E. Rendlen, III and are jointly administered under Case No. 16-40120.

Arch expects its mining operations and customer shipments to continue in the ordinary course throughout the court-supervised process.