debt
confidence high
sentiment neutral
materiality 0.55
Alliance Resource Partners prices $400M of 8.625% senior notes due 2029 to refinance 2025 notes
ALLIANCE RESOURCE PARTNERS LP
- ARLP priced $400M in aggregate principal of 8.625% senior unsecured notes due 2029 at par.
- Net proceeds will fund redemption of outstanding 7.5% Senior Notes due 2025 and general corporate purposes.
- Conditional redemption notice delivered for all 2025 Notes; redemption expected June 28, 2024, at 100% of principal plus accrued interest.
- Offering expected to close on or about June 12, 2024, subject to customary conditions.