debt
confidence high
sentiment neutral
materiality 0.65
Alliance Resource Partners announces $400M notes offering to redeem 2025 notes
ALLIANCE RESOURCE PARTNERS LP
- Offering $400M senior unsecured notes due 2029 to redeem outstanding 7.5% Senior Notes due 2025.
- Conditional redemption notice for 2025 Notes at 100% of principal plus accrued interest, expected June 28, 2024.
- April coal sales volumes fell 15% YoY to ~2.4M tons; impacted by high river levels and bridge collapse.
- Deferred volumes of ~497K tons (River View 420K, Tunnel Ridge 77K) expected to ship in H2 2024.
- Credit agreement amended: maturity extended to 2028, incremental facility of $100M added.