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Published on 11/8/2010 in the Prospect News Bank Loan Daily.

Massey Energy gets $200 million amended and restated revolver

By Sara Rosenberg

New York, Nov. 8 - Massey Energy Co. closed on Monday on a $200 million amended and restated asset-based revolving credit facility due May 2015, according to a 10-Q filed with the Securities and Exchange Commission.

There is a $50 million accordion feature.

The facility replaces a $175 million asset-based revolver.

Currently there are $76.4 million of letters of credit issued under the amended and restated revolver and no outstanding borrowings.

Massey Energy is a Richmond, Va.-based coal company.


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