Alpha Natural Resources in Credit Agreement Amendment

September 24, 2014

Cleary Gottlieb represented Alpha Natural Resources in the amendment and restatement of its existing credit agreement. The amended senior secured credit facilities, which closed on September 24, 2014, include a $625 million term loan B facility and $894 million in revolving credit commitments. Through this transaction, Alpha extended the maturity of 75% of previous revolving credit facility commitments, reduced the amount of these extended commitments by 25% and modified the financial covenants.

Alpha is a leading global coal company and the world’s third largest metallurgical coal supplier.