Patriot Coal (PCX) confirms an earlier report, announcing it has filed for Chapter 11 bankruptcy...

|About: Patriot Coal Corp. (PCXCQ)|By:, SA News Editor

Patriot Coal (PCX) confirms an earlier report, announcing it has filed for Chapter 11 bankruptcy protection. The company expects to continue mining operations and customer shipments in ordinary fashion as it goes through reorganization, and has obtained a commitment for $802M in DIP financing. Shares -15% AH after falling 72% in the regular session. (PR)