ARCH - Arch Resources announces exchanges with holders of ~$125.2M principal amount of convertible notes

Arch Resources (NYSE:ARCH) has entered into separate, privately negotiated exchange agreements with a limited number of holders of its 5.25% Convertible Senior Notes due 2025. The agreements will exchange ~$125.2M principal amount of notes for consideration consisting of an aggregate of ~$130.1M in cash and a number of shares of Arch Resources' common stock. The exchanges are expected to be consummated on or about May 25, 2022. Following the closing of the exchanges, Arch Resources expects that ~$30M in aggregate principal amount of notes will remain outstanding with terms unchanged.

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Arch Resources announces exchanges with holders of ~$125.2M principal amount of convertible notes