Alpha tender

ALPHA Natural Resource has announced a 94c-in-the-dollar tender offer for the 3.25% convertible senior notes due 2015 that were issued by Alpha Appalachia Holdings.
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Photo courtesy Alpha Natural Resources.

Staff Reporter

The firm is seeking to buy up to $350 million worth of notes.

Alpha is also seeking to raise about $500 million worth of debt to fund the tender offer.

“Any net proceeds from this offering remaining, including if the tender offer is not consummated, are intended to be used for general corporate purposes,” the company said.

Citigroup, Barclays, JP Morgan, Bank of America Merrill Lynch and RBS are acting as joint book-runners for the $500 million offer.

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