Foundation Coal prepays $30 million of term loan B debt

By Sara Rosenberg

New York, Jan. 5 - Foundation PA Coal Co. prepaid $30 million of its term loan B debt, according to a company news release.

Combined with voluntary payments of $85 million at the end of 2004 and $20 million in August, the company has repaid $135 million of the original $470 million loan.

The latest repayment was made possible by strong cash flow generation from the company's Pennsylvania affiliates, Cumberland Coal Resources LP and Emerald Coal Resources LP, as well as from other affiliates.

Foundation Coal is a Linthicum Heights, Md.-based coal producer.

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