Arch Coal plans to price $350 million notes due 2019 on Wednesday

By Paul A. Harris and Aleesia Forni

Columbus, Ohio, Nov. 13 - Arch Coal Inc. is planning a $350 million offering of senior notes due June 15, 2019 (existing ratings B3/B-), which is expected to price on Wednesday, a market source said.

Bank of America Merrill Lynch, Morgan Stanley & Co. LLC, Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC and PNC Capital Markets are the joint bookrunners for the Rule 144A with registration rights deal.

The notes will be non-callable for four years, and proceeds will be used for general corporate purposes.

Arch Coal is a St. Louis-based coal producer.

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