Bankrupt?Patriot Coal Corp. (PCX), the U.S. fuel producer that has lost more than $7 billion in value, has lined up financing ahead of a bankruptcy filing that may come as soon as today, said two people with knowledge of the matter.
The so-called debtor-in-possession financing is being provided by Citigroup Inc., Barclays Plc and Bank of America Corp., said the people, who asked not to be identified as the process is private.
https://www.bloomberg.com/news/2012-07-09/patriot-said-to-get-funding-ahead-of-possible-bankruptcy.html
Went down to .52 for a bit