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.
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