Simpson Thacher recently represented the initial purchasers, led by Goldman Sachs & Co. LLC, in a Rule 144A/Reg S offering by Alliance Resource Operating Partners, L.P. (“AROP”), the intermediate partnership of Alliance Resource Partners, L.P. (“ARLP”), and Alliance Resource Finance Corporation, AROP’s wholly owned subsidiary, of $400 million aggregate principal amount of 8.625% Senior Notes due 2029. A portion of the net proceeds will be used to fund the redemption of AROP’s 7.500% Senior Notes due 2025 and the remainder for general corporate purposes.
ARLP is a diversified energy company that is currently the largest coal producer in the eastern United States, supplying reliable, affordable energy domestically and internationally to major utilities, metallurgical and industrial users. ARLP also generates operating and royalty income from mineral interests it owns in strategic coal and oil & gas producing regions in the United States. In addition, ARLP is evolving and positioning itself as a reliable energy partner for the future by pursuing opportunities that support the advancement of energy and related infrastructure.
The Simpson Thacher team included Brian Rosenzweig, Ryan Bekkerus, Richie Ragusa, Ryan Poché and Terrance Brown, Jr.(Capital Markets); Jonathan E. Cantor and Tova Pfeffer (Tax); Tim Mulvihill (Environmental); Jennie Getsin (Blue Sky); and Pasco Struhs (ECEB).