TULSA, Okla.--(BUSINESS WIRE)--Apr. 7, 2017--
Alliance Resource Partners, L.P. (NASDAQ: ARLP) ("ARLP") announced today
that Alliance Resource Operating Partners, L.P. ("AROP"), a subsidiary
of ARLP, and Alliance Resource Finance Corporation, AROP’s wholly owned
subsidiary, priced their previously announced private placement to
eligible purchasers of $400 million aggregate principal amount of senior
unsecured notes due 2025. The notes will be issued at par and bear
interest at 7.5% per annum. The offering is expected to close on April
24, 2017, subject to customary closing conditions.
AROP expects to use a portion of the net proceeds from the offering to
repay outstanding Series B senior notes due 2018 and the term loan under
its credit facility and use the remainder of the net proceeds to repay a
portion of the revolving borrowings outstanding under its revolving
The notes have not been, and will not be, registered under the
Securities Act of 1933, as amended (the "Securities Act"), or under the
securities laws of any other jurisdiction. Thus, the notes may be
offered only in transactions that are exempt from registration under the
Securities Act and applicable state securities laws. The notes are
offered only to qualified institutional buyers under Rule 144A and to
persons outside the United States under Regulation S of the Securities
Act. The notes will not be listed on any securities exchange or
automated quotation system.
This press release does not constitute an offer to sell or a
solicitation of an offer to buy the securities described herein, nor
shall there be any sale of these securities in any state or jurisdiction
in which such an offer, solicitation, or sale would be unlawful prior to
registration or qualification under the securities laws of any such
jurisdiction. The offering may be made only by means of an offering
About Alliance Resource Partners, L.P.
ARLP is a diversified producer and marketer of coal to major United
States utilities and industrial users. ARLP, the nation’s first publicly
traded master limited partnership involved in the production and
marketing of coal, is currently the second largest coal producer in the
eastern United States with mining operations in the Illinois Basin and
Appalachian coal producing regions.
ARLP currently operates eight mining complexes in Illinois, Indiana,
Kentucky, Maryland and West Virginia. ARLP also operates a coal loading
terminal on the Ohio River at Mount Vernon, Indiana.
Cautionary Note Concerning Forward-Looking Statements
Certain statements contained in this news release constitute
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. These forward-looking
statements represent ARLP’s expectations or beliefs concerning future
events, and it is possible that the results described in this news
release will not be achieved. These forward-looking statements are
subject to risks, uncertainties and other factors, many of which are
outside of ARLP's control, which could cause actual results to differ
materially from the results discussed in the forward-looking statements.
Any forward-looking statement speaks only as of the date on which it is
made, and, except as required by law, ARLP does not undertake any
obligation to update or revise any forward-looking statement, whether as
a result of new information, future events or otherwise. New factors
emerge from time to time, and it is not possible for ARLP to predict all
such factors. When considering these forward-looking statements, you
should keep in mind the risk factors and other cautionary statements
found in ARLP’s filings with the SEC, including, but not limited to,
ARLP’s Annual Report on Form 10-K for the year ended December 31, 2016
and Current Reports on Form 8-K. The risk factors and other factors
noted in ARLP’s SEC filings could cause actual results to differ
materially from those contained in any forward-looking statement.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170407005705/en/
Source: Alliance Resource Partners, L.P.
Alliance Resource Partners, L.P.
Brian L. Cantrell,