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Arch Coal to start roadshow for $700 million 10-year deal on Monday
By Paul A. Harris
St. Louis, June 12 - Arch Western Resources LLC will begin the roadshow Monday for $700 million of 10-year non-call-five senior notes, according to a market source.
The deal is expected to price on June 19, the source added.
Citigroup, JP Morgan and Morgan Stanley are joint bookrunners on the Rule 144A deal.
Proceeds will be used to repay bank debt and for general corporate purposes.
Arch Western Resources is a unit of St. Louis coal company Arch Coal, Inc.
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