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Arch Coal Inc. Message Board

  • sayleweleweye sayleweleweye May 22, 2012 1:47 PM Flag

    ACI completed term loan, amended credit facility last week

    Arch Coal Completes Term Loan, Amends Credit Facility (May 16, 2012) Arch Coal, Inc. closed on a new $1.4 billion term loan that was upsized from the previously announced $1 billion due to strong investor interest. Separately, Arch finalized its amended senior secured revolving credit facility, as previously planned, which modifies certain financial covenants to provide incremental flexibility over the next two years. Under the terms of the agreements, the upsized term loan will reduce the revolving credit facility to $600 million from $1.0 billion.

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