Alpha Natural Resources Announces Public Offering of $500 Million Senior Notes

Alpha Natural Resources

, a leading U.S.-based coal supplier, today announced that it intends to offer approximately $500 million aggregate principal amount of its senior notes. The notes will be guaranteed on a senior unsecured basis by certain of Alpha's subsidiaries. The offering is subject to market and other conditions. Subject to the successful completion of this offering, Alpha intends to use the net proceeds to partially fund the purchase price of up to $350 million of the 3.25% Convertible Senior Notes due 2015, pursuant to the cash tender offer (the "Tender Offer") also announced today. Any net proceeds from this offering remaining, including if the Tender Offer is not consummated, are intended to be used for general corporate purposes. Citigroup, Barclays, J.P. Morgan, BofA Merrill Lynch and RBS are acting as joint book-running managers in connection with this offering.