Murray Energy has until Oct. 28 to address debt payments

CHARLESTON, W.Va. — Murray Energy has additional time to work on its debt payments.

The company announced Wednesday it and lenders amended a forbearance agreement regarding debt payments until Oct. 28 at 11:59 p.m.

The company originally had until Oct. 14 at 11:59 p.m., but the deal allowed the agreement to be extended.

Lenders have agreed to not exercise available remedies related to payments due on Sept. 30.

The company also announced it “elected not to make the cash interest payments” due on Tuesday to holders of its 12% senior secured notes due in 2024 and the 11.25% senior secured notes due in 2021.

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