Patriot Coal Bankruptcy: 20 Largest Unsecured Creditors

Earlier today, Patriot Coal Corporation (NYSE: PCX), a producer and marketer of coal products in the eastern United States, and substantially all of its wholly owned subsidiaries filed voluntary petitions for reorganization under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the Southern District of New York.

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According to the company’s voluntary chapter 11 petition (view the document from our earlier post found here), the 20 largest unsecured creditors on a consolidated basis are:

  1. Wilmington Trust Company, 8.25% Senior Notes due 2018: $250,000,000 (Stated Principal; Unliquidated)
  2. US Bank National Association, 3.25% Convertible Senior Notes due 2013: $200,000,000 (Stated Principal; Unliquidated)
  3. Alpha Natural Resources, Inc., Contract Damages: Unliquidated
  4. Bentley Badgett II and Linda Badgett, Promissory Notes: $7,332,550
  5. American Freedom Innovations LLC, Rejection Damages: Unliquidated
  6. CSX Transportation Inc., Trade Debt: $6,352,748 (Contingent & Unliquidated)
  7. Dayton Power & Light, Rejection Damages: Unliquidated
  8. Richard Whiting, Miscellaneous: $5,533,576
  9. Jennmar Corporation, Trade Debt: $4,774,368
  10. JMAC Leasing Inc., Rejection Damages: Unliquidated
  11. Capital Source Bank, Rejection Damages: Unliquidated
  12. Joy Mining Machinery, Trade Debt: $3,346,303
  13. Cecil I. Walker Machinery Co., Trade Debt: $3,339,153
  14. United Central Industrial Supply, Trade Debt: $3,156,337
  15. American Electric Power, Trade Debt: Unliquidated
  16. Caterpillar Global Mining, Trade Debt: $2,021,145
  17. Raleigh Mine & Industrial, Trade Debt: $1,865,428
  18. J. H. Fletcher & Co., Trade Debt: $1,776,261
  19. Industrial Supply Solutions Inc., Trade Debt: $1,371,701
  20. AFCO, Trade Debt: $1,258,900