Patriot Coal in $250 Million High Yield Offering

May 5, 2010

Cleary Gottlieb represented the underwriters, led by Citigroup Global Markets Inc., Banc of America Securities LLC and Barclays Capital Inc., in an SEC-registered offering by Patriot Coal Corporation of $250 million of 8.250% senior unsecured notes due 2018. The notes are guaranteed by substantially all of Patriot Coal’s subsidiaries. The transaction closed on May 5.

Patriot is one of the leading producers of metallurgical and thermal coal in the eastern United States. Cleary Gottlieb previously represented the underwriters in a 2009 common stock offering and a 2008 convertible bond offering by Patriot Coal.