Seven-day reprieve for Powder River Basin coal producer Cloud Peak

first_img FacebookTwitterLinkedInEmailPrint分享Gillette News-Record:Already operating on borrowed time, Cloud Peak Energy Corp. borrowed a little more when it was granted another seven days forbearance on a $1.8 million interest payment originally due March 15.In a filing with the federal Securities and Exchange Commission on Wednesday afternoon, the Gillette-based thermal coal producer paints a grim picture that may be headed to Chapter 11 bankruptcy reorganization.“We will need to restructure our balance sheet in order to improve our capital structure, adjust our business to ongoing depressed Powder River Basin thermal coal industry conditions, address our significantly reduced liquidity and continue as a going concern,” the company says in the filing.In addition to securing a forbearance until May 7 for the $1.8 million payment on debt due in 2024, Cloud Peak said it won’t pay $17.4 million on its 2021 notes that was due Wednesday. Instead, the company is using a 30-day grace period for that debt, extending that interest payment out until May 31.Wednesday’s announcement may or may not mean the company has a deal in the works that could spare it having to file for Chapter 11 reorganization, said Robert Godby, director for the Center for Energy, Economics and Public Policy at the University of Wyoming.By first using the 30-day grace period and getting two forbearances after that, Cloud Peak “has made it pretty clear they’re not in a position to make that payment,” Godby said. “They’re also not in a position to make that other ($17.4 million) payment.”More: Cloud Peak gets another 7-day reprieve Seven-day reprieve for Powder River Basin coal producer Cloud Peaklast_img read more

Napoli close in on Petagna

first_img The Partenopei have been in talks with the struggling Ferrara outfit for a number of days over a deal for Petagna. Sky Sport Italia and Il Corriere dello Sport both report that a deal is close to being finalised between the clubs.Advertisement Napoli will pay €18m for Petagna, but will leave the striker on loan at SPAL as they struggle to stay in the top flight. The striker joined from Atalanta on loan in the summer of 2018, however SPAL made the deal permanent last summer. Read Also:Serie A: Struggling Napoli shock Sarri’s Juventus He scored 16 goals in Serie A for the struggling side last season, and had scored eight this season. FacebookTwitterWhatsAppEmail分享 Promoted Content7 Universities In The World With The Highest Market Value9 Facts You Should Know Before Getting A Tattoo7 Black Hole Facts That Will Change Your View Of The UniverseWhich Country Is The Most Romantic In The World?Top 10 TV Characters Meant To Be Iconic9 Talented Actors Who Are Only Associated With One RoleThe 10 Best Secondary Education Systems In The WorldYou’ve Only Seen Such Colorful Hairdos In A Handful Of Anime9 Most Epic Movie Robots We’ve Ever Seen10 Risky Jobs Some Women DoWho Is The Most Powerful Woman On Earth?Playing Games For Hours Can Do This To Your Body Napoli are closing in on a €18m deal for SPAL forward Andrea Petagna, but the 24-year-old will remain in Ferrara for the rest of the season. Loading… last_img read more

Gage, 141 team earn regional promoter awards, national ARPY nominations

first_img“What an honor this is to be recognized for the contributions you have made to a major league sport,” said Gage, also the track manager in Roseville for four years. “It wouldn’t be possible without my family’s support and a great bunch of people who surround me.” “This is very cool,” said Kruse, also a nominated twice as promoter at Marshalltown Speedway. “The key thing we have always tried to do is make every night an event, whether through a race or sponsor or whatever. We want to give drivers and fans a reason to be there.” Gage becomes a first-time nominee for RPM’s Auto Racing Promoter of the Year award. Short track racing’s most prestigious award, the ARPY is given annually after voting by promoters. Recipient of the 44th ARPY will be announced Monday, Feb. 10 during the RPM Workshop in Daytona Beach, Fla.  “Dennis Gage and the promotional team at 141 are both extremely deserving of their regional awards as well as their nominations for the ARPY,” said IMCA President Brett Root. “It’s good to see them recognized for their years of experience in the industry, as well as for their successful race programs.” The team at 141 Speedway in Francis Creek, Wis., tied for top honors in RPM’s Northern Region. Toby Kruse, Dan Ratajczak and Scott Ratajczak also won that prize outright in 2016 and 2017 and become three-time ARPY nominees. center_img IMCA Karl Kustoms Northern SportMods run at both Silver Dollar and Marysville. Sanctioned divisions at 141 are the IMCA Modifieds, IMCA Sunoco Stock Cars and Karl Kustoms Northern SportMods.  CHICO, Calif. – Dennis Gage, operator and promoter of California IMCA venues Silver Dollar Speedway in Chico and Marysville Raceway in Marysville has won the Southwest and Western Region promoter of the year award given by Racing Promotion Monthly.  Gage, who has managed Chico for 10 years and Marysville for five years, has been involved in motorsports for more than 50 years starting in 1962. He has crewed, raced, been a track official and ended up taking on track publicity and announcing in 1973. last_img read more

UPDATE: Cross Plains man found, safe

first_imgUPDATE:  Charles James Morris has been located and found to be safe.  Versailles, In. — The Ripley County Sheriff’s Department is looking for information to help them find Charles James Morris, 74, of Cross Plains.Morris is 5-feet 9-inches tall, 162-pounds, gray hair with hazel eyes. He is believed to be driving a dark blue 2010 Jeep Liberty SUV with Indiana plate XGA395. He was last seen on Thursday, April 11, 2019.Information can be left confidentially by calling 812-689-5555last_img

CBL Refutes ‘Misleading’ US$300K Car Loan Report

first_img35 employees of the Central Bank of Liberia have been brought under the jurisdiction of the court and prohibited from leaving the country until the investigation into the alleged missing L$16 billion is concluded.The Central Bank of Liberia (CBL) has described as unfounded and misleading reports published by a local daily that alleged that the CBL gave US$300,000 to each of its governors as car loans.A press statement signed Cyrus Wleh Badio, CBL head of communications, denied the allegation and classified it as “unfounded, misleading and a calculated attempt… to tarnish the reputation of the CBL and its Governors.”The Central Bank of Liberia, he said, “has in place a car loan scheme/policy which began in 2013 for its senior staff to buy their own cars with repayment over a maximum five-year period.”Badio said the scheme has been a cost-effective measure to mitigate the high maintenance cost of assigned bank vehicles.The Central Bank of Liberia challenged the New Dawn, the newspaper that published the report, to produce evidence to support “its wild and fictitious claim” and meanwhile cautioned news houses to ascertain facts and avoid publishing falsehoods.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more


first_imgA recently published report has found that Letterkenny Institute of Technology (LYIT) has the highest economic impact of all third level colleges in Ireland.The LYIT campusEssentially, every euro invested in LYIT creates an economic boost worth more than four euro. This means investment in LYIT has a greater economic impact nationally than a similar investment at any of the country’s Universities or at any of the other Institutes of Technology.The TIONCHAR PROJECT examines the gross economic output of each euro spent on higher education. LYIT has the highest of all the multipliers (4.25) calculated for the country’s seven Universities and fourteen Institutes of Technology. LYIT President Paul Hannigan said the Institute is a significant contributor to economic development in the region.“We have seen significant cuts in third-level education funding in recent years. Despite this, we have increased student numbers and delivered new courses to meet changing needs of the marketplace. This has been accomplished with the commitment of staff to provide quality education, however, it is not sustainable long term. With new international links established in the US and China, we want to further develop student mobility both outward and inward.”“The report shows that investment at LYIT has the greatest knock-on effect, which has repercussions for future budgets since the reverse is also true, a reduction in state funding for LYIT will have a much higher negative economic impact on the region and nationally. I hope these findings will be taken into account in the allocation of future budgets for third-level education.”One of the authors of the report, Brian Lucey, Professor of Finance at Trinity College Dublin, said, “Irish Higher Education delivers a significant ‘bang for the buck’. Letterkenny shows that this is delivered by all sorts of institutions – IoTs and universities, urban and regional, all play a part in this. Letterkenny IT is delivering quality education and a high economic impact and should be recognised and rewarded for doing so.”  LYIT GETS TOP MARKS IN NATIONAL ECONOMIC IMPACT STUDY was last modified: October 25th, 2014 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)last_img read more