Tag: John T. Drexler

RELEASE: Arch Coal, Inc. announces successful repricing and amendment to credit agreement

ST. LOUIS /PRNewswire/ — Arch Coal, Inc. (NYSE: ARCH) announced today that it has successfully completed an amendment to its credit agreement to further reduce the interest rate on its senior secured term loan facility. The new interest rate for the approximately $300 million term loan facility is LIBOR plus 275 basis points – reflecting a 50 basis point reduction from its previous level and representing one of the lowest rates in the coal industry. The […]