Arch rejigs finances

ONE of the Australian coal industry’s largest international competitors has amended its credit agreement to reduce the interest rate on its senior secured term loan facility.

sponsored-logo
Arch rejigs finances Arch rejigs finances Arch rejigs finances Arch rejigs finances Arch rejigs finances

A US-based competitor to Australia's coal miners has bolstered its finances.

With Credit Suisse’s help Arch Coal has amended its US$300 million term loan interest rate to the London Interbank Offered Rate plus 325 basis points.

loader