Luscar sets pricing in tender for 9¾% notes

New York, Dec. 12 - Luscar Coal Ltd. said its parent Luscar Energy Partnership has fixed pricing in its tender offer and consent solicitation for its 9¾% senior notes due 2011.

Holders who tender before the consent deadline of midnight ET on Dec. 14 will receive $1,085.77 per $1,000 principal amount plus accrued interest up to the settlement date. The total includes a $30.00 per $1,000 consent payment that will only be paid to those who tender by the consent deadline.

Pricing was fixed at 2 p.m. ET on Dec. 12 using a spread of 50 basis points over the bid-side yield to maturity of the 2½% U.S. Treasury bond due Oct. 31, 2006.

The tender ends at midnight ET on Dec. 29.

Goldman, Sachs & Co. is dealer manager and solicitation agent (800 828-3182 or call collect 212 357-7867). Global Bondholder Services Corp. is the information agent (866 873-6300).

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