Arch resources announces exchanges with holders of approximately $125.2 million principal amount of convertible notes

St. louis , may 19, 2022 /prnewswire/ -- arch resources, inc. (nyse: arch) ("arch resources" or "us") today announced that on may 18, 2022, it entered into separate, privately negotiated exchange agreements with a limited number of holders of its 5.25% convertible senior notes due 2025 (the "notes") to exchange (collectively, the "exchanges") approximately $125.2 million principal amount of notes for consideration consisting of an aggregate of approximately $130.1 million in cash and a number of shares of arch resources' common stock to be determined over a four consecutive trading day period beginning on, and including, may 19, 2022. the exchanges are expected to be consummated on or about may 25, 2022, subject to customary closing conditions.
ARCH Ratings Summary
ARCH Quant Ranking