|
Quotes & Info
|
| ACI > SEC Filings for ACI > Form 8-K on 31-Jul-2009 | All Recent SEC Filings |
31-Jul-2009
Entry into a Material Definitive Agreement
C. Indenture
On July 31, 2009, the Company, Guarantors and the Trustee entered into the
Indenture in connection with the issuance of the Senior Notes. The Senior Notes
will mature on August 1, 2016, and interest is payable on the Senior Notes on
February 1 and August 1 of each year, commencing February 1, 2010.
At any time on or after August 1, 2013, the Company may redeem some or all of
the Senior Notes. Between August 1, 2013 and July 31, 2014, the Company may
redeem some or all of the Senior Notes at a redemption price equal to 104.375%
of the principal amount. Between August 1, 2014 and July 31, 2015, the Company
may redeem some or all of the Senior Notes at a redemption price equal to
102.188% of the principal amount. On and after August 1, 2015, the Company may
redeem some or all of the Senior Notes at a redemption price equal to 100% of
the principal amount.
The Indenture limits the ability of the Company and its subsidiaries to
(i) incur more debt; (ii) pay dividends and make distributions or repurchase
stock; (iii) make investments; (iv) create liens; (v) issue and sell capital
stock of subsidiaries; (vi) sell assets; (vii) enter into restrictions affecting
the ability of restricted subsidiaries to make distributions, loans or advances
to the Company; (viii) engage in transactions with affiliates; (ix) enter into
sale and leasebacks; and (x) merge or consolidate or transfer and sell assets.
Upon a change of control involving the Company, holders of Senior Notes have
the right, as a holder of Senior Notes, to require the Company to repurchase all
of their Senior Notes at a repurchase price equal to 101% of their principal
amount, plus accrued and unpaid interest, if any, to the date of repurchase.
The Indenture provides that events of default include: (i) failure to make
the payment of any interest on the senior Notes when the same becomes due and
payable, with such failure continuing for a period of 30 days; (ii) failure to
make the payment of any principal of, or premium, if any, on, any of the Senior
Notes when the same becomes due and payable; (iii) failure to comply with
covenants or agreements in the senior Notes, the Indenture or related documents;
(iv) a default by the Company or its restricted subsidiaries under their other
debt obligations that results in acceleration of the maturity of that debt, or
failure to pay any such debt at maturity, in an aggregate amount greater than
$40.0 million; (v) any judgment or judgments for the payment of money in an
aggregate amount in excess of $40.0 million that is rendered against Company or
any of its restricted subsidiaries and that is not waived, satisfied or
discharged for any period of 30 consecutive days during which a stay of
enforcement is not in effect; (vi) certain events involving bankruptcy,
insolvency or reorganization of Company or any Guarantor; and (vii) any
guarantee of the Senior Notes is held in any judicial proceeding to be
unenforceable or invalid or ceases for any reason to be in full force and effect
or any guarantor of the Senior Notes, or any person acting on behalf of any
guarantor of the Senior Notes, denies or disaffirms its obligations under its
guarantee.
The Indenture is filed as Exhibit 4.1 to this Form 8-K and the description of
the material terms of the Indenture is qualified in its entirety by reference to
such exhibit, which is incorporated herein by reference.
Item 2.03 Creation of a Direct Financial Obligation of a Registrant.
The information included in Item 1.01(C) above is incorporated by reference
into this Item 2.03.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
The following exhibits are attached hereto and filed herewith.
Exhibit
No. Description
1.1 Underwriting Agreement, dated July 27, 2009, by and among Arch Coal,
Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan
Stanley & Co. Incorporated, Citigroup Global Markets Inc. and J.P.
Morgan Securities Inc. as representatives of the several underwriters
named therein.
1.2 Purchase Agreement, dated July 28, 2009, by and among Arch Coal, Inc.,
the subsidiary guarantors named therein and Banc of America Securities
LLC, Citigroup Global Markets Inc., Morgan Stanley & Co. Incorporated
and J.P. Morgan Securities Inc., as representatives of the initial
purchasers named therein.
4.1 Indenture, dated July 31, 2009, by and among Arch Coal, Inc., the
subsidiary guarantors named therein and U.S. Bank National
Association, as trustee.
4.2 Form of 8.750% Senior Note due 2016 (included in Exhibit 4.1).
4.3 Registration Rights Agreement, dated July 31, 2009, by and among Arch
Coal, Inc., the subsidiary guarantors named therein, and Banc of
America Securities LLC, Citigroup Global Markets Inc., Morgan Stanley
& Co. Incorporated and J.P. Morgan Securities Inc., as representatives
of the initial purchasers named therein.
5.1 Opinion of Robert G. Jones, Esq. with respect to the legality of the
common stock.
|
Signatures Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: July 31, 2009 Arch Coal, Inc.
By: /s/ Robert G. Jones Robert G. Jones Senior Vice President - Law, General Counsel and Secretary
Exhibit Index
Exhibit
No. Description
1.1 Underwriting Agreement, dated July 27, 2009, by and among Arch Coal,
Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan
Stanley & Co. Incorporated, Citigroup Global Markets Inc. and J.P.
Morgan Securities Inc., as representatives of the several underwriters
named therein.
1.2 Purchase Agreement, dated July 28, 2009, by and among Arch Coal, Inc.,
the subsidiary guarantors named therein and Banc of America Securities
LLC, Citigroup Global Markets Inc., Morgan Stanley & Co. Incorporated
and J.P. Morgan Securities Inc., as representatives of the initial
purchasers named therein.
4.1 Indenture, dated July 31, 2009, by and among Arch Coal, Inc., the
subsidiary guarantors named therein and U.S. Bank National
Association, as trustee.
4.2 Form of 8.750% Senior Note due 2016 (included in Exhibit 4.1).
4.3 Registration Rights Agreement, dated July 31, 2009, by and among Arch
Coal, Inc., the subsidiary guarantors named therein, and Banc of
America Securities LLC, Citigroup Global Markets Inc., Morgan Stanley
& Co. Incorporated and J.P. Morgan Securities Inc., as representatives
of the initial purchasers named therein.
5.1 Opinion of Robert G. Jones, Esq. with respect to the legality of the
common stock.
|
|
|