Armstrong Energy to pay down credit facility debt via note offering

By Ashley Montgomery

Kansas City, Kan., Nov. 28 - Armstrong Energy, Inc. plans to use the proceeds from its notes offering to repay all borrowings under its existing senior secured credit facility, according to a news release.

The company is privately offering $200 million of senior secured notes due 2019.

Proceeds will also be used for general corporate purposes.

The St. Louis-based company is a producer of low chlorine, high sulfur thermal coal.

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