Arch Coal amends revolver, pushing out maturity to March 2013

By Sara Rosenberg

New York, Aug. 27 - Arch Coal Inc. amended its revolving credit facility, extending the maturity to March 2013 from June 2011, according to a news release.

In addition, the amendment increased the size of the revolver to $860 million from $800 million through June 2011, and then it will step down to $763 million.

Commitments under the revolver can be further expanded up to $800 million on or after the original expiration date of June 2011.

PNC Bank is the administrative agent on the deal.

Arch Coal is a St. Louis-based coal producer.

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