secwatch.observer — SEC 8-K summary
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Issuer:     ALLIANCE RESOURCE PARTNERS LP (ARLP)
CIK:        0001086600
Form:       8-K
Filed at:   2023-01-20T23:59:59+00:00
Accession:  0001558370-23-000394
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1086600/000155837023000394/0001558370-23-000394-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1086600/000155837023000394/arlp-20230113x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-000394

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