Alpha Natural Resources Announces Early Tender Offer Results for 3.250%
Convertible Senior Notes due 2015
BRISTOL, Va., Oct. 12, 2012
BRISTOL, Va., Oct. 12, 2012 /PRNewswire/ -- Alpha Natural Resources, Inc.
(NYSE: ANR) ("Alpha") today announced the early tender results of the
previously announced cash tender offer by Alpha and Alpha Appalachia Holdings,
Inc. (formerly Massey Energy Company) (the "Issuer" and, together with Alpha,
the "Offerors"), for up to $350 million aggregate principal amount (the
"Tender Cap Amount") of the outstanding 3.250% Convertible Senior Notes due
2015 issued by the Issuer (the "Notes") and consent solicitation to amend
certain terms of the indenture under which the Notes were issued as described
in the Offer to Purchase and Consent Solicitation Statement dated September
27, 2012 (the "Offer to Purchase") and the related Consent and Letter of
As of the previously announced "Early Expiration Date" of 5:00 p.m., New York
City time, on October 11, 2012, $122,349,000 in aggregate principal amount, or
approximately 18.58 percent, of the Notes outstanding has been validly
tendered and not withdrawn.
The total cash payment to purchase these Notes, including accrued and unpaid
interest, is approximately $115.8 million.Such payment is expected to be made
on the "Early Settlement Date," which is expected to be October 12, 2012.
Holders who have not already tendered their Notes may continue to tender their
Notes prior to 11:59 p.m., New York City time, on October 25, 2012, unless
extended or terminated earlier (the "Final Expiration Date").Such holders
will not be entitled to receive the "Early Tender Payment" of $20 per $1,000
principal amount of Notes, and will be subject to any proration in the event
that the aggregate principal amount of Notes tendered prior to the Final
Expiration Date (including the aggregate principal amount of any Notes
purchased at the Early Settlement Date) exceeds the Tender Cap Amount.
Withdrawal rights for the tender offer have expired. Accordingly, holders may
not withdraw any Notes previously or hereafter tendered, except as
contemplated in the Offer to Purchase.The complete terms and conditions of
the tender offer are set forth in the Offer to Purchase and related Consent
and Letter of Transmittal, along with any amendments and supplements thereto,
copies of which may be obtained from D.F. King, which is acting as the tender
agent and information agent for the tender offer, at (800) 967-4617
(toll-free).Questions regarding the tender offer also may be directed to the
dealer managers for the tender offer, Citigroup Global Markets Inc., at (800)
831-9146 (toll-free) or Barclays Capital Inc., at (800) 438-3242.
This press release is for informational purposes only and is neither an offer
to purchase nor a solicitation of an offer to sell any securities.The
Offerors are making the tender offer by and pursuant to the terms of the Offer
to Purchase and Consent and Letter of Transmittal. The tender offer is not
being made in any jurisdiction in which the making or acceptance thereof would
not be in compliance with the securities, blue sky or other laws of such
jurisdiction. None of the Offerors, the tender agent and information agent,
the dealer managers, the trustee with respect to the Notes or any of their
respective affiliates makes any recommendation as to whether holders should
tender or refrain from tendering all or any portion of their Notes in response
to the tender offer.
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
Contact: Investor - Todd Allen, CFA, Vice President, Investor Relations,
+1-276-739-5328, email@example.com; Media - Ted Pile, Vice President,
Corporate Communications, +1-276-623-2920, firstname.lastname@example.org
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