Cloud Peak Energy announces change to DIP facility termination date

By Caroline Salls

Pittsburgh, June 25 – Cloud Peak Energy Inc. entered into an amendment that extended the termination date of its debtor-in-possession credit agreement, according to an 8-K filed Tuesday with the Securities and Exchange Commission.

Cloud Peak said the amendment extends the date on which the DIP credit agreement is terminated if an order approving relief granted in an interim financing order has not been entered to 65 days after entry of the interim order.

The facility was initially scheduled to terminate if a final order had not been entered 35 days after entry of the interim order.

Cloud Peak is a Gillette, Wyo., coal mining company. The company filed bankruptcy on May 10 in the U.S. Bankruptcy Court for the District of Delaware under Chapter 11 case number 19-11047.

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