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Arch Coal Inc (ARCH.N)

ARCH.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Arch Coal Announces Stock Repurchase Agreement With Monarch Alternative Capital
Monday, 11 Dec 2017 

Dec 11 (Reuters) - Arch Coal Inc ::ARCH COAL, INC. ANNOUNCES STOCK REPURCHASE AGREEMENT WITH MONARCH ALTERNATIVE CAPITAL.ARCH COAL INC - AGREED TO REPURCHASE FROM MONARCH 500,000 SHARES OF STOCK AT PURCHASE PRICE OF $83.03 PER SHARE.ARCH COAL INC - INTENDS TO FUND REPURCHASE WITH CASH ON HAND.  Full Article

Arch Coal Inc. Reports Q3 earnings per share $2.83
Tuesday, 31 Oct 2017 

Oct 31 (Reuters) - Arch Coal Inc :Arch Coal, Inc. reports third quarter 2017 results.Q3 earnings per share $2.83.Q3 earnings per share view $1.82 -- Thomson Reuters I/B/E/S.Q3 revenue $613.5 million versus I/B/E/S view $550.4 million.Arch Coal Inc - ‍announces $200 million increase in share repurchase authorization​.Arch Coal Inc- ‍now expects to sell between 90 million tons and 96 million tons of thermal coal in 2017​.Arch Coal Inc - ‍now expects to sell between 6.6 million tons and 6.8 million tons of coking coal in 2017​.Arch Coal Inc - ‍Arch has lowered its coking coal sales volume guidance for 2017​.Arch Coal Inc - sees ‍2017 capital expenditures between $52 million to $58​ million.Arch Coal Inc - qtrly ‍adj earnings per share $2.54​.  Full Article

Arch Coal announces plans to refinance existing first lien term loan facility
Thursday, 16 Feb 2017 

Arch Coal Inc : Arch Coal, Inc. announces plans to refinance existing first lien term loan facility . Arch Coal - Seeking to refinance first lien term loan facility with proceeds from a 7-year $250 million first lien term Loan B facility, cash on hand .Arch Coal- Objectives of refinancing are to reduce co's interest expense, increase its financial flexibility, extend its weighted average debt maturity.  Full Article

Arch Coal successfully completes financial restructuring, emerges from chapter 11
Wednesday, 5 Oct 2016 

Arch Coal Inc : Equity to trade on NYSE under symbol Arch . Arch is emerging with more than $300 million of cash on its balance sheet and a debt level of just $363 million . Cash requirements are expected to be modest, with projected capital spending of $55 million in 2017 . Co's projection of 2017 debt service is of approximately $33 million . Arch coal successfully completes financial restructuring and emerges from chapter 11 . Company has third-party surety bonds in place covering 100% of its reclamation bonding requirements .Company's total debt is 7% of what it was prior to restructuring.  Full Article

Arch Coal says to amend credit agreement
Tuesday, 4 Oct 2016 

Arch Coal Inc [ACIIQ.PK] : Arch Coal Inc says entered into an amendment to dip credit agreement, dated as of September 28, 2016 .Arch Coal Inc says amendment extended availability period to borrow under dip facility and extended deadline for plan to become effective.  Full Article

Arch Coal announces proposed board of directors
Wednesday, 7 Sep 2016 

Arch Coal Inc : Announces proposed board of directors . Term of new board members will begin upon company's emergence from chapter 11. .Board will be comprised of Patrick J. Bartels, Jr, James N. Chapman, Sherman K. Edmiston III, Patrick A. Kriegshauser, Richard A. Navarre, Scott D. Vogel and John W. Eaves.  Full Article

Arch Coal says bankruptcy court approves disclosure statement
Friday, 8 Jul 2016 

Arch Coal Inc : United States Bankruptcy Court For Eastern District Of Missouri has approved disclosure statement . Court has set a voting deadline of August 31 for eligible stakeholders . Arch Coal disclosure statement approved by court . Says Arch will begin process of soliciting votes for plan from eligible stakeholders immediately .Hearing to consider confirmation of plan by bankruptcy court is scheduled to commence on September 13.  Full Article

Arch Coal announces global settlement that facilitates consensual completion of financial restructuring
Tuesday, 5 Jul 2016 

: Arch Coal announces global settlement that facilitates consensual completion of financial restructuring . Arch Coal Inc says hearing to consider approval of disclosure statement is scheduled for July 6, 2016 . Arch Coal Inc says filed an amended plan of reorganization that incorporates and implements global settlement .Arch Coal says global settlement with certain of senior secured lenders that hold more than 66 2/3% of first lien term loan and the UCC.  Full Article

Arch Coal further amended DIP credit agreement extending bankruptcy court approval deadline of disclosure statement
Wednesday, 29 Jun 2016 

Arch Coal Inc :Further amendment to DIP credit agreement extending bankruptcy court approval deadline of disclosure statement from June 23 to July 7.  Full Article

Arch Coal files amended plan of reorganization
Wednesday, 15 Jun 2016 

Arch Coal Inc : Plan is supported by certain of company's senior secured lenders that hold more than 66 2/3% of its first lien term loan . Hearing to consider approval of disclosure statement is scheduled for June 22, 2016 . Davis Polk & Wardwell LLP is serving as legal advisor to arch coal, and PJT partners is serving as financial advisor . Intends to seek confirmation of plan consistent with milestones outlined in restructuring support agreement .Arch coal files amended plan of reorganization and disclosure statement.  Full Article

BRIEF-Arch Coal Announces Stock Repurchase Agreement With Monarch Alternative Capital

* ARCH COAL, INC. ANNOUNCES STOCK REPURCHASE AGREEMENT WITH MONARCH ALTERNATIVE CAPITAL