Alpha Natural Resources Announces Pricing of Senior Notes
BRISTOL, Va., Sept. 28, 2012
BRISTOL, Va., Sept. 28, 2012 /PRNewswire/ -- Alpha Natural Resources, Inc.
(NYSE: ANR) ("Alpha") , a leading U.S.-based coal supplier, today announced
the pricing of its underwritten public offering of $500 million aggregate
principal amount of 9.75% senior notes due 2018 (the "Notes"). Alpha
estimates the net proceeds from the issuance and sale of the Notes, after
deducting underwriting discounts and estimated offering expenses, will be
approximately $479.8 million.
The offering is subject to market and other conditions. Alpha intends to use
a portion of the net proceeds to fund the purchase price of up to $350 million
of the 3.25% Convertible Senior Notes due 2015, pursuant to the previously
announced cash tender offer and consent solicitation (the "Tender Offer and
Consent Solicitation"). Any net proceeds from this offering remaining,
including if the Tender Offer and Consent Solicitation is not consummated, are
intended to be used for general corporate purposes.
Citigroup, Barclays, J.P. Morgan, BofA Merrill Lynch and RBS are acting as
joint book-running managers in connection with this offering.
This press release does not constitute an offer to sell or the solicitation of
an offer to buy, nor shall there be any sale of the Senior Notes in any state
or jurisdiction in which such offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of any such
state or jurisdiction.Any offer of the Senior Notes will be made only by
means of a prospectus, forming a part of the effective registration statement,
the applicable prospectus supplement and other related documents or pursuant
to an exemption from registration under the Securities Act of 1933, as
amended.Copies of these documents can be obtained from Citigroup Global
Markets Inc., Brooklyn Army Terminal, 140 58th Street, 8th Floor, Brooklyn, NY
11220, or toll free at (800) 831-9146 or Barclays Capital Inc. at (800)
About Alpha Natural Resources
Alpha is the nation's largest supplier of metallurgical coal used in the
steel-making process and is a major supplier of thermal coal to electric
utilities and manufacturing industries. In 2011, the company had more than
200 customers on five continents.
SOURCE Alpha Natural Resources, Inc.
Contact: Investors, Todd Allen, CFA, Vice President, Investor Relations,
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