KINGSPORT — Coal producer Alpha Natural Resources (ANR) announced Tuesday it has closed a major deal with Lexington Coal Co. (LCC) to convey “mostly idle and non-active assets” located in Kentucky, Tennessee and West Virginia. Alpha said it closed the sale with funding for the transaction provided by key shareholders under a $150 million credit facility. Alpha CEO David Stetson said, “The deal with Lexington Coal represents a major step forward for Alpha.
Stetson: 'the Deal With Lexington Coal Represents A Major Step Forward For Alpha'
Kingsport Times-News, Kingsport Times-News
Mon, 10/23/2017 - 9:00pm
Sections: u.s.
Topics: Tennessee Sullivan County Kingsport
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