Arch extends debt exchange offers

EMBATTLED US coal producer Arch Coal has extended its pending private debt exchange offers and support agreement.

Noel Dyson

It is extending its pending private offer to exchange 6.25% trust certificates due 2021 and a cash payment for any and all of its outstanding 7.25% senior notes due 2020 and pending concurrent private offer to exchange trust certificates, 8% senior secured notes due 2022 and 12% senior secured second lien notes due 2023 for its outstanding 7% senior notes due 2019, 9.875% senior notes due 2019, 7.25% and senior notes due 2021.

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