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Alliance Resource Partners, L.P. Announces Partial Redemption of 7.500% Senior Notes Due 2025
TULSA, Okla.--(BUSINESS WIRE)-- Alliance Resource Partners, L.P. (NASDAQ: ARLP) today announced that it will redeem $50.0 million in aggregate principal
About this update from Alliance Resource Partners, L.p.
[{"type":"text","content":" TULSA, Okla.--(BUSINESS WIRE)--\nAlliance Resource Partners, L.P. (NASDAQ: ARLP) today announced that it will redeem $50.0 million in aggregate principal amount of its 7.500% Senior Notes due 2025 (the \"Notes\"), representing 12.5% of the $400.0 million in aggregate principal amount of Notes originally issued and approximately 14.7% of the $339.2 million in aggregate principal amount of Notes currently outstanding, on July 25, 2023, the redemption date for the Notes.\n\n\nThe redemption price for the Notes called for redemption will be equal to 100.00% of the principal amount, plus accrued and unpaid interest, if any, to the redemption date in accordance with the terms of the Notes and the indenture under which the Notes were issued. The Notes to be redeemed will be selected in accordance with the procedures of The Depository Trust Company. Interest on the portion of the Notes selected for redemption will cease to accrue on and after the redemption date.\n\n\nAdditional information concerning the terms and conditions of the redemption is contained in the notice distributed to holders of the Notes. Beneficial holders with any questions about the redemption should contact their respective brokerage firm or financial institution.\n\n\nAbout Alliance Resource Partners, L.P.\n\n\nARLP is a diversified energy company that is currently the largest coal producer in the eastern United States, supplying reliable, affordable energy domestically and internationally to major utilities, metallurgical and industrial users. ARLP also generates operating and royalty income from mineral interests it owns in strategic coal and oil & gas producing regions in the United States. In addition, ARLP is evolving and positioning itself as a reliable energy partner for the future by pursuing opportunities that support the advancement of energy and related infrastructure.\n\n\nNews, unit prices and additional information about ARLP, including filings with the Securities and Exchange Commission (\"SEC\"), are available at www.arlp.com. For more information, contact the investor relations department of ARLP at (918) 295-7673 or via e-mail at [email protected].\n\n\nCautionary Note Concerning Forward-Looking Statements\n\n\nCertain statements contained in this news release constitute \"forward-looking statements\" within the meaning of the Private S...