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EX-99.2 - EX-99.2 - ARCH RESOURCES, INC. | c64950exv99w2.htm |
EX-99.1 - EX-99.1 - ARCH RESOURCES, INC. | c64950exv99w1.htm |
8-K - FORM 8-K - ARCH RESOURCES, INC. | c64950e8vk.htm |
Exhibit 99.3
News from Arch Coal, Inc. |
For more information:
Deck S. Slone 314/994.2717
Deck S. Slone 314/994.2717
FOR IMMEDIATE RELEASE
Arch Coal Commences $2.0 Billion Private Offering of Senior Notes
ST. LOUIS (May 31, 2011) Arch Coal, Inc. (NYSE: ACI) (Arch) today announced that it has
commenced a private offering of $2.0 billion aggregate principal amount of senior notes due 2019
and senior notes due 2021 (together, the Notes). Each series of the Notes will be guaranteed by
Archs subsidiaries that guarantee indebtedness under the companys existing senior secured credit
facility. The Notes will be offered only to qualified institutional buyers in reliance on Rule
144A under the Securities Act of 1933, as amended (the Securities Act) and to non-U.S. persons in
transactions outside the United States in reliance on Regulation S under the Securities Act.
The offering is subject to market and other conditions, including the consummation of Archs
proposed acquisition of International Coal Group, Inc. (ICG). Arch plans to use the net proceeds
of the offering to partially fund Archs acquisition of ICG and related transactions, including the
redemption, payment of cash resulting from conversion of, or other retirement of certain
outstanding ICG indebtedness.
This press release is being issued pursuant to Rule 135c under the Securities Act, and is neither
an offer to sell nor a solicitation of an offer to sell or a solicitation of an offer to buy any
securities.
The Notes have not been registered under the Securities Act or any state securities laws and may
not be offered or sold in the United States absent registration or an applicable exemption from
registration requirements.
About Arch Coal
U.S.-based Arch Coal is one of the worlds largest coal producers, with more than 160 million tons
of coal sold in 2010. Archs national network of mines supplies cleaner-burning, low-sulfur coal
to customers on four continents, including U.S. and international power producers and steel
manufacturers. In 2010, Arch achieved record revenues of $3.2 billion.
Important Additional Information
This communication is provided for informational purposes only. It does not constitute an offer to
purchase shares of ICG or the solicitation of an offer to sell any shares of ICGs common stock.
Arch and its subsidiary Atlas Acquisition Corp. have filed with the Securities and Exchange
Commission (the SEC) a tender offer statement on Schedule TO, including the offer to purchase and
related documents, which has been previously amended and will be further amended as necessary. ICG
has filed with the SEC a tender offer solicitation/recommendation statement on Schedule 14D-9,
which has been previously amended and will be further amended as necessary. These documents
contain important information and
stockholders of ICG are advised to carefully read these documents before making any decision with
respect to the cash tender offer. These documents are available at no charge on the SECs website
at http://www.sec.gov. In addition, a copy of the offer to purchase, letter of transmittal and
certain related tender offer documents may be obtained free of charge by directing such requests to
Arch Coal investor relations at (314) 994-2897 or our information agent, Innisfree M&A
Incorporated, at (877) 717-3922 (toll-free for stockholders) or (212) 750-5833 (collect for bank
and brokers). A copy of the tender offer statement and ICGs solicitation/recommendation statement
on Schedule 14D-9 are available to all stockholders of ICG free of charge at
http://www.intlcoal.com.
Forward-Looking Statements: This press release
contains forward-looking statements that is, statements related to future, not past,
events. In this context, forward-looking statements often
address our expected future business and financial performance, and often contain words such as
expects, anticipates, intends, plans, believes, seeks, or will. Forward-looking
statements by their nature address matters that are, to different degrees, uncertain. For us,
particular uncertainties arise from changes in the demand for our coal by the domestic electric
generation industry; from legislation and regulations relating to the Clean Air Act and other
environmental initiatives; from operational, geological, permit, labor and weather-related factors;
from fluctuations in the amount of cash we generate from operations; from future integration of
acquired businesses; and from numerous other matters of national, regional and global scale,
including those of a political, economic, business, competitive or regulatory nature. These
uncertainties may cause our actual future results to be materially different than those expressed
in our forward-looking statements. We do not undertake to update our forward-looking statements,
whether as a result of new information, future events or otherwise, except as may be required by
law. For a description of some of the risks and uncertainties that may affect our future results,
you should see the risk factors described from time to time in the reports we file with the SEC.
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