Rhino Resource Partners to pay down revolver via common unit offering

By Tali David

Minneapolis, Sept. 9 - Rhino Resource Partners LP intends to repay borrowings outstanding under its revolving credit facility with the proceeds of a common unit offering, according to a 424B5 filed with the Securities and Exchange Commission.

The repayment will provide additional liquidity for the construction of our Pennyrile mine and continued investment in the development of our Utica Shale acreage.

Proceeds will also come from the amount contributed by Rhino Resource's general partner to maintain its 2% interest in the company.

The producer, processer and seller of coal is based in Lexington, Ky.

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