West Virginia Gov. Jim Justice’s Companies Look to Surging Coal Prices to Pay Off Debts

  • 📰 WSJ
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

United States News News

United States United States Latest News,United States United States Headlines

West Virginia Gov. Jim Justice and Credit Suisse are looking to take advantage of surging coal prices to help him pay off nearly $850 million in loans his companies borrowed from now-collapsed Greensill Capital

West Virginia Gov. Jim Justice and Credit Suisse Group AG are looking to take advantage of surging coal prices to help him pay off nearly $850 million in loans his companies borrowed from now-collapsed Greensill Capital.

Representatives of the Swiss bank and Mr. Justice’s family of companies met face-to-face this month in West Virginia to sort outPlans under discussion include ramping up output at coal mines operated by the Justice family’s Bluestone Resources Inc., according to a person familiar with the conversations. Also on the table: revitalizing the famed Greenbrier resort in White Sulphur Springs, W.Va to increase its profitability. Mr. Justice bought the resort in 2009.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

WV Trumpets deserve Justice.

“Mr. Justice’s companies owe nearly $700 million to the Credit Suisse funds”. Governor has a mountain of debt & still re-elected? West Virginia gets what they get.

What's new?

복음에 순종하는 자들은 더 이상 이 세상을 본받지 않습니다. TreasureInHoliness

nice

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in US

United States United States Latest News, United States United States Headlines