This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Alpha Natural Resources Announces Early Tender Offer Results For 3.250% Convertible Senior Notes Due 2015

Stocks in this article: ANR

BRISTOL, Va., Oct. 12, 2012 /PRNewswire/ -- Alpha Natural Resources, Inc. (NYSE: ANR) ("Alpha") today announced the early tender results of the previously announced cash tender offer by Alpha and Alpha Appalachia Holdings, Inc. (formerly Massey Energy Company) (the "Issuer" and, together with Alpha, the "Offerors"), for up to $350 million aggregate principal amount (the "Tender Cap Amount") of the outstanding 3.250% Convertible Senior Notes due 2015 issued by the Issuer (the "Notes") and consent solicitation to amend certain terms of the indenture under which the Notes were issued as described in the Offer to Purchase and Consent Solicitation Statement dated September 27, 2012 (the "Offer to Purchase") and the related Consent and Letter of Transmittal.

As of the previously announced "Early Expiration Date" of 5:00 p.m., New York City time, on October 11, 2012, $122,349,000 in aggregate principal amount, or approximately 18.58 percent, of the Notes outstanding has been validly tendered and not withdrawn.

The total cash payment to purchase these Notes, including accrued and unpaid interest, is approximately $115.8 million. Such payment is expected to be made on the "Early Settlement Date," which is expected to be October 12, 2012.

Holders who have not already tendered their Notes may continue to tender their Notes prior to 11:59 p.m., New York City time, on October 25, 2012, unless extended or terminated earlier (the "Final Expiration Date"). Such holders will not be entitled to receive the "Early Tender Payment" of $20 per $1,000 principal amount of Notes, and will be subject to any proration in the event that the aggregate principal amount of Notes tendered prior to the Final Expiration Date (including the aggregate principal amount of any Notes purchased at the Early Settlement Date) exceeds the Tender Cap Amount.

Withdrawal rights for the tender offer have expired. Accordingly, holders may not withdraw any Notes previously or hereafter tendered, except as contemplated in the Offer to Purchase. The complete terms and conditions of the tender offer are set forth in the Offer to Purchase and related Consent and Letter of Transmittal, along with any amendments and supplements thereto, copies of which may be obtained from D.F. King, which is acting as the tender agent and information agent for the tender offer, at (800) 967-4617 (toll-free). Questions regarding the tender offer also may be directed to the dealer managers for the tender offer, Citigroup Global Markets Inc., at (800) 831-9146 (toll-free) or Barclays Capital Inc., at (800) 438-3242.

This press release is for informational purposes only and is neither an offer to purchase nor a solicitation of an offer to sell any securities. The Offerors are making the tender offer by and pursuant to the terms of the Offer to Purchase and Consent and Letter of Transmittal. The tender offer is not being made in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction. None of the Offerors, the tender agent and information agent, the dealer managers, the trustee with respect to the Notes or any of their respective affiliates makes any recommendation as to whether holders should tender or refrain from tendering all or any portion of their Notes in response to the tender offer.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,378.31 -38.54 -0.22%
S&P 500 2,015.56 -5.69 -0.28%
NASDAQ 4,678.8850 -4.5220 -0.10%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs