16
Feb
16:43
Arch Coal eyes refinancing strategy
US metallurgical and thermal coal producer Arch Coal seeks to shuffle its financing facilities to reduce its debt load and free up available funds, Kallanish reports.
Arch plans to refinance its first-tier term loan facility using available cash on-hand and the proceeds of a seven-year $250 million first-lien term loan facility.
If the company successfully restructures its finances, it will be able to “…reduce the company’s interest expense…
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Anonymous
Very good overview of the weekly steel market.
Anonymous