Alliance Resource sets roadshow for $500 million eight-year notes, plans debt refinancing

By Paul A. Harris

Portland, Ore., April 3 – Alliance Resource Partners, LP plans to start a roadshow on Tuesday for a $500 million offering of eight-year senior notes, according to a market source.

The Rule 144A and Regulation S offering is set to price later this week.

J.P. Morgan Securities LLC is leading the deal.

The notes come with three years of call protection.

The Tulsa, Okla.-based coal producer plans to use the proceeds to repay debt under its revolving credit facility and term loan, with a portion of the proceeds to be used to repay its outstanding series B senior notes due 2018 and the remainder to be used for general corporate purposes.

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