The North American Coal Corporation
Overview
| Deal Type |
Debt Capital Markets |
|---|---|
| Size |
$120 Million Senior Secured Credit Facilities |
| Client & Transactional Partners |
The North American Coal Corporation |
| Our Role |
Joint Lead Arranger Joint Bookrunner Syndication Agent |
Summary
On November 12th, KeyBanc Capital Markets (“KBCM") successfully closed the syndication of a $120 Million Senior Secured Revolving Credit Facility (“Revolver”) for The North American Coal Corporation (the “Company” or “NACoal”). Proceeds from the Revolver will be used to refinance the Company's current Revolver, support ongoing working capital needs, and pay transaction related fees and expenses. KBCM served as Joint Lead Arranger, Joint Bookrunner, and Syndication Agent.
Headquartered in Plano, TX, The North American Coal Corporation is a wholly owned subsidiary of NACCO Industries, Inc. NACoal is engaged in the mining and marketing of steam and met coal, primarily for power generation and steel production. NACoal has mining operations located in North Dakota, Louisiana, Mississippi, Texas and Alabama. Mining approximately 30 million tons per year, NACoal ranks as the nation’s largest lignite coal producer and among the top 10 coal producers in the U.S.
