Arch Coal,Inc. (NYSE:ARCH) Files An 8-K Entry into a Material Definitive Agreement

Arch Coal,Inc. (NYSE:ARCH) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01. Entry into a Material Definitive Agreement.

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On September25, 2017, Arch Coal,Inc. (“Arch Coal”) entered into the First Amendment (the “Amendment”) to its Credit Agreement, dated as of March7, 2017, among Arch Coal as borrower, the lenders from time to time party thereto, and Credit Suisse AG, Cayman Islands Branch, as administrative agent and collateral agent.

The Amendment reduces the interest rate on the $300 million term loan facility to, at the option of Arch Coal, either (i)the London interbank offered rate (“LIBOR”) plus an applicable margin of 3.25%, subject to a 1% LIBOR floor, or (ii)a base rate plus an applicable margin of 2.25%. The Amendment also resets the 1.00% call premium to apply to repricing events that occur on or prior to March26, 2018.

The description of the Amendment is qualified in its entirety by reference to the full text of the Amendment, a copy of which is filed herewith as Exhibit10.1.

Item 7.01. Regulation FD Disclosure.

On September25, 2017, Arch Coal issued a press release announcing its entry into the Amendment. A copy of the press release is attached hereto as Exhibit99.1 and is incorporated herein by reference.

The information set forth in this Item 7.01, including Exhibit99.1, is being furnished and shall not be deemed “filed” for purposes of Section18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or otherwise subject to the liabilities of that Section. The information in this Item 7.01, including Exhibit99.1, shall not be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act except as shall be expressly set forth by specific reference in such a filing.

Item 9.01. Financial Statements and Exhibits.

(d)Exhibits

The following exhibits are attached hereto and filed herewith.


ARCH COAL INC Exhibit
EX-10.1 2 a17-22477_1ex10d1.htm EX-10.1 Exhibit 10.1   EXECUTION VERSION   FIRST AMENDMENT TO CREDIT AGREEMENT   This FIRST AMENDMENT TO CREDIT AGREEMENT,…
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