Alpha Natural Resources $175 million revolver to launch early April

By Sara Rosenberg

New York, March 26 - Alpha Natural Resources LLC is expected to hold a bank meeting in early April for an approximately $175 million revolving credit facility, according to a market source.

Credit Suisse First Boston, UBS and PNC Bank are the lead banks on the deal.

Proceeds from the revolver will be used to refinance existing debt and for general corporate purposes, the source added.

Alpha Natural Resources is an Abingdon, Va., coal miner.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.