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EX-99.1 - EXHIBIT 99.1 - Patriot Coal CORPdp31776_ex9901.htm

 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
 

 
FORM 8-K
 

 
CURRENT REPORT
 
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported): July 24, 2012
 

 
Patriot Coal Corporation
(Exact name of registrant as specified in its charter)
 

 
         
Delaware
 
001-33466
 
20-5622045
(State or other jurisdiction
 
(Commission
 
(IRS Employer
of incorporation)
 
File Number)
 
Identification No.)
 
         
12312 Olive Boulevard, Suite 400
St. Louis, Missouri
     
63141
(Address of principal executive offices)
     
(Zip Code)
 
Registrant’s telephone number, including area code: (314) 275-3600
 
Not Applicable
(Former name or former address, if changed since last report)
 

 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
 
¨
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
¨
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
¨
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
¨
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 
 
 

 
 
Item 7.01. Regulation FD Disclosure.
 
Attached hereto as Exhibit 99.1 is a slide from a presentation that Patriot Coal Corporation (“Patriot”) plans to present to prospective lenders for Patriot’s Superpriority Secured Debtor-in-Possession Credit Agreement with Citibank, N.A., as administrative agent, Citicorp North America, Inc., Barclays Bank PLC, New York Branch and Bank of America, N.A. as letter of credit issuers, and certain lenders party thereto, which became effective on July 11, 2012.
 
Patriot is furnishing this Form 8-K pursuant to Item 7.01, “Regulation FD Disclosure.” The information contained in this Current Report (including Exhibit 99.1) shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
 
FORWARD-LOOKING STATEMENTS
 
Certain statements in this Current Report on Form 8-K, including the exhibits being filed as part of this report, as well as other statements made by Patriot, are forward-looking as defined in the Private Securities Litigation Reform Act of 1995.  These statements involve certain risks and uncertainties that may be beyond our control and may cause our actual future results to differ materially from our current expectations both in connection with the Chapter 11 filings Patriot announced on July 9, 2012 and our business and financial prospects. Statements of management's expectations, including its cash flow forecasts, are based on current assumptions and expectations.  No assurance can be made that these events will come to fruition.  Factors that could affect our results include, but are not limited to: (i) the ability of Patriot and its subsidiaries to continue as a going concern, (ii) the ability of Patriot and its subsidiaries to obtain Bankruptcy Court approval with respect to motions in the Chapter 11 cases, (iii) the ability of Patriot and its subsidiaries to prosecute, develop and consummate one or more plans of reorganization with respect to the Chapter 11 cases, (iv) the effects of the bankruptcy filing on Patriot and its subsidiaries and the interests of various creditors, equity holders and other constituents, (v) Bankruptcy Court rulings in the Chapter 11 cases and the outcome of the cases in general, (vi) the length of time Patriot and its subsidiaries will operate under the Chapter 11 cases, (vii) risks associated with third-party motions in the Chapter 11 cases, which may interfere with the ability of Patriot and its subsidiaries to develop one or more plans of reorganization and consummate such plans once they are developed, (viii) the potential adverse effects of the Chapter 11 proceedings on Patriot's liquidity or results of operations, (ix) the ability to execute Patriot's business and restructuring plans, (x) increased legal costs related to Patriot's bankruptcy filing and other litigation, and (xi) the ability of Patriot and its subsidiaries to maintain contracts that are critical to their operations, including to obtain and maintain normal terms with their vendors, customers, landlords and service providers and to retain key executives, managers and employees. In the event that the risks disclosed in Patriot's public filings and those discussed above cause results to differ materially from those expressed in Patriot's forward-looking statements, Patriot's business, financial condition, results of operations or liquidity, and the interests of creditors, equity holders and other constituents, could be materially adversely affected. Patriot undertakes no obligation (and expressly disclaims any such obligation) to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. For additional information concerning factors that could cause actual results to materially differ from those projected in this Current Report on Form 8-K, including the exhibits being filed as part of this report, please refer to Patriot's Form 10-K and Form 10-Q reports.
 
 
 
 

 
 
Item 9.01. Financial Statements and Exhibits.
 
(d) Exhibits
 
The following exhibit relating to Item 7.01 shall be deemed to be furnished, and not filed:
 
     
 
Exhibit
No.
  
 
Description
   
99.1*
  
Lender Presentation Slide.
 


*
Furnished herewith
 
 
 

 
 
SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
Dated: July 24, 2012
 
 
   
PATRIOT COAL CORPORATION
 
   
By:
/s/ Mark N. Schroeder
 
Mark N. Schroeder
 
Senior Vice President & Chief Financial Officer
 
 
 

 
 
 
EXHIBIT INDEX
 
     
 
Exhibit
No.
  
 
Description
   
99.1*
  
Lender Presentation Slide.
 
 

*
Furnished herewith