Arch Coal today announced several changes to its board of directors. Chairman Steven F. Leer, 61, will retire from Arch's board following the company's annual shareholder meeting on April 24. Leer served as the company's chief executive officer from 1997 to 2012, and as president of Arch Mineral Corporation, a predecessor company, from 1992 to [...]
Arch Coal today announced that it has sold ADDCAR Systems, L.L.C. to UGM Holdings Pty. Ltd. for a total of $21 million. ADDCAR has been a wholly owned subsidiary of Arch Coal since the International Coal Group (ICG) acquisition in 2011. Kentucky-based ADDCAR's primary business is manufacturing, servicing and operating highwall mining equipment [...]
The board of directors of Arch Coal today declared an annual cash dividend of $0.01 per share on the company's common stock. The annual cash dividend of $0.01 per share is payable in full on March 14, 2014 to ACI shareholders of record on Feb. 28, 2014. John W. Eaves, president and CEO of Arch Coal Inc., said, "Arch is sharply focused on actions [...]
Arch Coal today reported revenues of $719.4 million and adjusted earnings before interest, taxes, depreciation, depletion and amortization of $38.4 million in the fourth quarter of 2013. The company's results reflect a softer pricing environment for metallurgical and thermal coals than in the prior-year quarter, as well as the impact of previously [...]
CHARLESTON, W.Va., Jan. 31, 2014 /PRNewswire/ -- Arch Coal Inc. (NYSE: ACI) today announced that its Appalachian operations earned 10 prestigious safety and environmental awards in West Virginia, including three of the state's top honors for mine reclamation and mine safety. (Logo: http://photos.prnewswire.com/prnh/20120727/CG47668LOGO) Tygart [...]
ST. LOUIS, Jan. 21, 2014 /PRNewswire/ -- Arch Coal Inc. (NYSE:ACI) today announced that lower-than-planned shipment levels in the Powder River Basin and reduced production levels at the Mountain Laurel complex in Appalachia will impact its fourth quarter 2013 financial results. (Logo: http://photos.prnewswire.com/prnh/20120727/CG47668LOGO) In [...]
SCOTT DEPOT, W.Va., Jan. 7, 2014 /PRNewswire/ -- Arch Coal Inc. (NYSE:ACI) today announced that Charles G. Snavely has elected to retire as president of the company's eastern U.S. operations, following an exceptional 35-year career in the coal industry. (Logo: http://photos.prnewswire.com/prnh/20120727/CG47668LOGO) "Charles has made a significant [...]
Actions Increase Liquidity, Extend Debt Maturities and Enhance Financial Flexibility ST. LOUIS, Dec. 17, 2013 /PRNewswire/ -- Arch Coal Inc. (NYSE:ACI) today announced the successful completion of a series of financing transactions, including amendments to its senior secured credit facility, a $300 million senior secured Term Loan B facility [...]
ST. LOUIS, Dec. 13, 2013 /PRNewswire/ -- Arch Coal Inc. (NYSE:ACI) today announced that it has successfully completed its consent solicitation with respect to its 8.750% Senior Notes due 2016 (CUSIP No. 039380AB6) (the "Notes"). (Logo: http://photos.prnewswire.com/prnh/20120727/CG47668LOGO) On December 2, 2013, Arch commenced a cash tender offer [...]
ST. LOUIS, Dec. 12, 2013 /PRNewswire/ -- Arch Coal Inc. (NYSE:ACI) announced today it has received the requisite commitments from lenders for amendments to its senior secured credit facility. Upon closing of the amendments to the senior secured credit facility, Arch would increase its term loan facility from $1.63 billion to $1.93 billion with the [...]
ST. LOUIS, Dec. 12, 2013 /PRNewswire/ -- Arch Coal Inc. (NYSE:ACI) today announced the pricing of $350 million aggregate principal amount of its 8.000% Senior Secured Second Lien Notes due 2019 (the "2019 Notes") at an issue price of 100% of principal amount. The offering was upsized to $350 million from the previously announced $300 million due to [...]
ST. LOUIS, Dec. 12, 2013 /PRNewswire/ -- Arch Coal Inc. (NYSE:ACI) today announced it has commenced a private offering of $300 million aggregate principal amount of senior secured second lien notes due 2019 (the "2019 Notes"). The 2019 Notes will be secured on a second priority basis, subject to certain exceptions and permitted liens, by the assets [...]
