This Day On The Street
Continue to site
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

Rhino Resource Partners LP Announces Pricing Of Public Offering Of Common Units

LEXINGTON, Ky., Sept. 10, 2013 /PRNewswire/ -- Rhino Resource Partners LP (NYSE: RNO) ("Rhino") announced today that it has priced its previously announced public offering of 1,100,000 common units representing limited partner interests in Rhino at a price to the public of $12.30 per common unit.  Rhino expects the offering to close on September 13, 2013, subject to customary closing conditions.  Rhino expects to receive net proceeds of approximately $12.6 million, after deducting the underwriting discount and estimated offering expenses, and the general partner's proportionate capital contribution of approximately $0.3 million.  Rhino has granted the underwriter a 30-day option to purchase up to 165,000 additional common units.

Rhino intends to use the net proceeds from this offering, and the related capital contribution by its general partner, to repay borrowings outstanding under its revolving credit facility. If the underwriter exercises its option to purchase additional common units, Rhino intends to use the additional net proceeds and related capital contribution by its general partner to repay borrowings outstanding under its revolving credit facility.

The common units will be offered and sold pursuant to an effective shelf registration statement on Form S-3 previously filed with the Securities and Exchange Commission.  The offering may be made only by means of a prospectus supplement, filed with the Securities and Exchange Commission, and the related base prospectus.  Raymond James & Associates, Inc. is the sole underwriter for the offering.  A copy of the prospectus supplement and base prospectus, when available, may be obtained from:

Raymond James & Associates, Inc.  880 Carillon Parkway  St. Petersburg, Florida 33716  1-800-248-8863

This press release shall not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr 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

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $95.03 -2.90%
FB $116.73 7.20%
GOOG $691.02 -2.10%
TSLA $247.54 -1.60%
YHOO $36.58 -1.00%


Chart of I:DJI
DOW 17,830.76 -210.79 -1.17%
S&P 500 2,075.81 -19.34 -0.92%
NASDAQ 4,805.2910 -57.85 -1.19%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs