TITLE

Arch's $2B Deal Says Coal Still Heats Up HY

AUTHOR(S)
Sheahan, Matthew
PUB. DATE
June 2011
SOURCE
High Yield Report;6/6/2011, Vol. 22 Issue 23, p9
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports that Arch Coal, a coal mining company, has tapped into the high yield market by offering notes with 2019 and 2021 maturity. Arch Coal plans to use proceeds from a deal valued at 2 billion U.S. dollars to finance its acquisition of International Coal Group (ICG) for 3.4 billion U.S. dollars. Banks involved in the marketing of the bond deal for Arch includes Morgan Stanley, Bank of America Merrill Lynch and Citigroup.
ACCESSION #
61948000

 

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