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Murray Energy to repay all bank debt with notes proceeds and cash
By Sara Rosenberg
New York, Oct. 16 - Murray Energy Corp. plans to repay all of the outstanding debt under its credit facility using proceeds from a $440 million senior secured notes offering and cash on hand, according to a news release.
The note offering is contingent on the company obtaining a new $25 million first-priority secured revolving credit facility.
Murray is a Pepper Pike, Ohio-based coal company.
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