Alliance Resource Partners to repay series B notes with new offering

By Tali Rackner

Minneapolis, April 3 – Alliance Resource Partners, LP plans to repay outstanding series B senior notes due 2018 using the proceeds from a new note offering, according to an 8-K filing with the Securities and Exchange Commission.

The company announced on Monday that subsidiaries Alliance Resource Operating Partners, LP and Alliance Resource Finance Corp. plan to offer $500 million of senior notes due 2025 in a private placement to eligible purchasers.

Proceeds will also be used to repay outstanding borrowings under the company’s revolver and term loan.

Alliance Resource Partners is a Tulsa, Okla.-based coal company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.