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The latest update is out from Alliance Resource (ARLP).
Alliance Resource Partners, L.P. is set to offer $400 million in senior unsecured notes due in 2029 through a private placement, aiming to adjust its credit strategy by amending its existing Credit Agreement. This amendment will extend the financing maturity by a year, allow for increased borrowing capacity, and establish new terms for cash distributions and debt ratios. Despite a 15% drop in April coal sales, due to logistical challenges like high river levels and a bridge collapse, the company projects to recover the deferred shipments over the year. Investors are cautioned that these forward-looking statements are speculative and subject to numerous risks.
For an in-depth examination of ARLP stock, go to TipRanks’ Stock Analysis page.
