BB&T Capital Markets Serves as Co-Manager for Alliance Resource Partner's $400 Million Offering of 7.50% Senior Notes due 2025
On April 7, 2017, BB&T Capital Markets served as a co-manager for an offering of $400 million 7.50% senior notes due 2025 by Alliance Resource Operating Partners, L.P.
Proceeds from the offering are being used for general corporate purposes.
About the Companies
Alliance Resource Partners produces and markets coal primarily to utilities and industrial users in the United States. The company operates in two segments, Illinois Basin and Appalachia. The company also operates eight underground mining complexes in Illinois, Indiana, Kentucky, Maryland, and West Virginia. Alliance Resource Partners offers various industrial and mining technology products and services, such as miner and equipment tracking systems. As of December 31, 2016, the company had approximately 1.76 billion tons of proven and probable coal reserves in Illinois, Indiana, Kentucky, Maryland, Pennsylvania, and West Virginia. The company was founded in 1971 and is headquartered in Tulsa, Oklahoma.
About BB&T Capital Markets
BB&T Capital Markets offers an integrated platform of equity and debt underwriting, M&A advisory, corporate banking, and sales and trading. Headquartered in Richmond, VA, with offices throughout the US, we have specific expertise within 10 distinct industry verticals including Automotive Aftermarket; Commercial & Industrial; Education; Energy; Financial Services; Food & Agribusiness; Healthcare; Logistics & Transportation Services; Real Estate; and Retail & Consumer. Our commitment to industry expertise, combined with our resources as one of the nation's strongest financial institutions, strategically positions BB&T Capital Markets to build lasting relationships and contribute measurably to the long-term success of our clients.