The nation’s largest coal producer, Peabody Energy Corp., said Monday that it has emerged from bankruptcy protection after a year.
The St. Louis company said it reduced costs and slashed its debt load by more than $5 billion in the past year.
CEO Glenn Kellow said that the company has the size and assets — including a wide geographic reach — to be competitive. Peabody will aim to further reduce debt and return cash to shareholders, he said.
