Alliance Resource (ARLP) has shared an update.
Alliance Resource Partners, L.P. and its subsidiaries have successfully priced a private placement of $400 million in 8.625% senior unsecured notes due in 2029, with the transaction set to close on June 12, 2024, pending customary conditions. This strategic move aims to attract eligible investors interested in a solid financial instrument with a competitive interest rate, reflecting the company’s active engagement in the financial markets.
For an in-depth examination of ARLP stock, go to TipRanks’ Stock Analysis page.
