James River buys back $61.4 million of notes, convertibles at discount

New York, Nov. 7 - James River Coal Co. said it bought back $53.7 million of its senior notes and convertible senior notes during the third quarter at a cost of $20.9 million plus accrued interest.

It bought back a further $7.7 million during October at a cost of $2.9 million.

All the repurchases were made in the open market.

Specifically, James River bought $5 million principal amount of its 7 7/8% senior notes due 2019, $19.9 million principal amount of its 3.125% convertible senior notes due 2018 and $28.8 million principal amount of its 4.5% convertible senior notes due 2015 during the third quarter.

It also repurchased $5.2 million of its 3.125% convertibles and $2.5 million of its 4.5% convertibles in October.

James River is a Richmond, Va., coal mining company.

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