Warrior Met Coal, Inc. has announced the commencement of its offer to purchase, in cash, up to $150 million principal amount of the company’s outstanding 8.00 percent Senior Secured Notes (“Notes”) due 2024, at a repurchase price of 103 percent of the aggregate principal amount of such Notes, plus accrued and unpaid interest with respect to such Notes to, but not including, the date of repurchase.
Akin Gump advised Warrior in this transaction as well as in a concurrent, but separate, cash tender offer to purchase up to $150 million principal amount of the Notes at a repurchase price of 104.25 percent of the aggregate principal amount of such Notes, plus accrued and unpaid interest to, but not including, the date of repurchase.
Corporate partner Rosa Testani led the Akin Gump team advising Warrior Met Coal. She was joined by partner Shar Ahmed, senior counsel Daniel Zimmerman, counsel Michael Miller, and associates Natasha Burnett and Travis Cherry as well as tax senior counsel Jonathan Ciner.
This continues a lengthy string of work for Akin Gump on behalf of Warrior Met Coal. Click here to read about the firm’s role last year advising the company and certain selling stockholders in a secondary public offering.