Massey Energy to hold post-Thanksgiving roadshow for $725 million senior notes

By Paul A. Harris

St. Louis, Nov. 23 - Massey Energy Co. plans to hold an investor roadshow for its $725 million offering of senior notes sometime during the first two weeks after Thanksgiving, according to Katharine W. Kenny, the company's vice president of investor relations.

Proceeds from the Rule 144A deal will be used to fund the tender for $220.1 million of the company's 6.95% senior notes due 2007 via dealer manager UBS Investment Bank.

Proceeds will also be used to fund the buyback of $132 million of Massey's 4¾% convertible senior notes due 2023, as well as for general corporate purposes.

Kenny declined to identify the bookrunner for the notes offering or to provide any other details about the notes.

Massey Energy, which has headquarters in Richmond, Va., and operations in West Virginia, Kentucky and Virginia, is the fourth largest coal company in the United States based on produced coal revenue.

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