Arch Coal Amends Credit Facility, Closes Senior Note, Term Loan Offerings

Arch Coal, Inc. (NYSE: ACI ) today closed on its previously announced $375 million senior unsecured notes and $250 million incremental secured term loan. Under the terms of the credit agreement, the $250 million incremental term loan will reduce the size of Arch's revolving credit facility to $350 million from $600 million. The company