ST. LOUIS, Nov. 13, 2012 /PRNewswire/ -- Arch Coal,
Inc. (NYSE:ACI) today announced it has commenced a private offering
of $350 million aggregate principal
amount of senior notes due 2019. The senior notes will be
guaranteed by Arch's subsidiaries that guarantee indebtedness under
the company's existing senior secured credit facility.
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The notes will be offered only to qualified institutional buyers
in reliance on Rule 144A under the Securities Act of 1933, as
amended (the "Securities Act"), and to non-U.S. persons in
transactions outside the United
States in reliance on Regulation S under the Securities Act.
The offering is subject to market and other conditions.
Arch intends to use the net proceeds from the offering of senior
notes for general corporate purposes.
This press release is being issued pursuant to Rule 135c under
the Securities Act, and is neither an offer to sell nor a
solicitation of an offer to sell or a solicitation of an offer to
buy any securities. The senior notes have not been registered
under the Securities Act or any state securities laws and may not
be offered or sold in the United
States absent registration or applicable exemption from
registration requirements.
U.S.-based Arch Coal is a top five global coal producer and
marketer. Arch is the most diversified American coal company,
with mining complexes across every major U.S. coal supply
basin. Its core business is supplying cleaner-burning,
low-sulfur thermal and metallurgical coal to power generators and
steel manufacturers on five continents.
Forward-Looking Statements: This press release contains
"forward-looking statements" — that is, statements related to
future, not past, events. In this context, forward-looking
statements often address our expected future business and financial
performance, and often contain words such as "expects,"
"anticipates," "intends," "plans," "believes," "seeks," or
"will." Forward-looking statements by their nature address
matters that are, to different degrees, uncertain. For us,
particular uncertainties arise from changes in the demand for our
coal by the domestic electric generation industry; from legislation
and regulations relating to the Clean Air Act and other
environmental initiatives; from operational, geological, permit,
labor and weather-related factors; from fluctuations in the amount
of cash we generate from operations; from future integration of
acquired businesses; and from numerous other matters of national,
regional and global scale, including those of a political,
economic, business, competitive or regulatory nature. These
uncertainties may cause our actual future results to be materially
different than those expressed in our forward-looking
statements. We do not undertake to update our forward-looking
statements, whether as a result of new information, future events
or otherwise, except as may be required by law. For a
description of some of the risks and uncertainties that may affect
our future results, you should see the risk factors described from
time to time in the reports we file with the Securities and
Exchange Commission.
SOURCE Arch Coal, Inc.