Wyoming-Based Coal Company Gets Another Payment Extension

GILLETTE, Wyo. (AP) — A Wyoming-based coal company has received another extension to make a $1.8 million payment on a loan.

Gillette-based Cloud Peak Energy disclosed in a U.S. Securities and Exchange Commission filing Wednesday it reached an agreement to make the payment by the end of the day Friday or go into default.

The payment originally was due in March. Nonpayment has raised expectations that Cloud Peak Energy faces bankruptcy.