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	<title>Sightline InstitutePeabody Energy&#039;s Financial Death Spiral - Sightline Institute</title>
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		<title>Peabody Energy&#8217;s Financial Death Spiral</title>
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		<pubDate>Thu, 11 Feb 2016 22:11:03 +0000</pubDate>
		<description><![CDATA[Distressed asset sales and debt deals likely to backfire. | At this point, we should be accustomed to hearing bad news from the coal industry. What else but bad news can you expect from a sector that&#8217;s seen nearly 50 bankruptcies since 2012? But today&#8217;s announcements by Peabody Energy, the world&#8217;s largest private-sector coal company, really pushed bad news to new limits. Peabody revealed that it had maxed out its credit lines, just prior to disclosing a $2 billion accounting loss for 2015....]]></description>
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