Alpha Natural Resources makes changes to credit facility covenants

By Angela McDaniels

Tacoma, Wash., Oct. 2 - Alpha Natural Resources, Inc. said it amended its secured credit facility, making changes to two financial covenants.

The amendment eliminated the interest coverage ratio through the end of 2014 and relaxed the interest coverage ratio to 1.25 times from 2.00 times during 2015 and to 1.50 times from 2.00 times during the first two quarters of 2016, according to a company news release.

Alpha Natural Resources is a coal company based in Bristol, Va.

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