---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-000394"
form_type: "8-K"
ticker: "ARLP"
cik: "0001086600"
company_name: "ALLIANCE RESOURCE PARTNERS LP"
filed_at: "2023-01-20T23:59:59+00:00"
generated_at: "2026-06-20T12:14:44.626914+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Alliance Coal enters new $500M credit facility ($425M revolver + $75M term loan) due 2027

## Summary
- New $500M facility replaces $459.5M revolver due 2024; matures March 2027.
- May accelerate to Jan 2025 if 7.5% senior notes still outstanding and liquidity below $200M.
- Interest based on SOFR plus margin of 3.00%–3.50% depending on leverage ratio.
- Guaranteed by parent ARLP and subsidiaries; secured by seven active coal mines and assets.
- Financial covenants: debt/EBITDA ≤1.5x (borrower), ≤2.5x consolidated; interest coverage ≥3.0x.

## SEC filing metadata
- accession: 0001558370-23-000394
- form_type: 8-K
- ticker: ARLP
- cik: 0001086600
- company_name: ALLIANCE RESOURCE PARTNERS LP
- filed_at: 2023-01-20T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1086600/000155837023000394/0001558370-23-000394-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1086600/000155837023000394/arlp-20230113x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-000394
- JSON: https://secwatch.observer/filing/0001558370-23-000394.json
- Plain text: https://secwatch.observer/filing/0001558370-23-000394.txt

## Key facts
- Debt Financings
  ALLIANCE RESOURCE PARTNERS LP incurred credit facility of $425 million revolving credit facility with PNC Bank, National Association as administrative agent at adjusted one-month, three-month or six-month term rate based on the secured over maturing March 9, 2027.
  - Instrument: credit facility
  - Principal: $425 million revolving credit facility
  - Counterparty: PNC Bank, National Association as administrative agent
  - Rate: adjusted one-month, three-month or six-month term rate based on the secured over
  - Maturity: March 9, 2027
  - Event: incurrence
  source text: Credit Agreement ​ On January 13, 2023, Alliance Coal, LLC ("Alliance Coal"), as borrower, entered into a Credit Agreement (the "Credit Agreement") with various financial institutions, including PNC Bank, National Association as administrative agent (the "Administrative Agent").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1086600/000155837023000394/0001558370-23-000394-index.htm
- Debt Financings
  ALLIANCE RESOURCE PARTNERS LP incurred term loan of $75 million with PNC Bank, National Association as administrative agent at adjusted one-month, three-month or six-month term rate based on the secured over maturing March 9, 2027.
  - Instrument: term loan
  - Principal: $75 million
  - Counterparty: PNC Bank, National Association as administrative agent
  - Rate: adjusted one-month, three-month or six-month term rate based on the secured over
  - Maturity: March 9, 2027
  - Event: incurrence
  source text: Credit Agreement ​ On January 13, 2023, Alliance Coal, LLC ("Alliance Coal"), as borrower, entered into a Credit Agreement (the "Credit Agreement") with various financial institutions, including PNC Bank, National Association as administrative agent (the "Administrative Agent").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1086600/000155837023000394/0001558370-23-000394-index.htm
- Material Agreements
  ALLIANCE RESOURCE PARTNERS LP entered into Credit Agreement with various financial institutions, including PNC Bank, National Association valued at $425 million revolving credit facility and a $75 million term loan (effective 2023-01-13).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: various financial institutions, including PNC Bank, National Association
  - Value: $425 million revolving credit facility and a $75 million term loan
  - Effective: 2023-01-13
  source text: On January 13, 2023, Alliance Coal, LLC ("Alliance Coal"), as borrower, entered into a Credit Agreement (the "Credit Agreement") with various financial institutions, including PNC Bank, National Association as administrative agent (the "Administrative Agent").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1086600/000155837023000394/0001558370-23-000394-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.