April 19, 2014 11:49 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Murray Energy Corporation

Company Overview

Murray Energy Corporation, along with its subsidiaries, produces and delivers bituminous coal to electric utility and industry customers in the United States and internationally. The company transports its coal via truck, rail, and waterways. Its business also includes a diesel and mining equipment rebuilding facility in West Virginia. Murray Energy Corporation was founded in 1988 and is headquartered in Pepper Pike, Ohio with mining projects in Illinois, Ohio, Kentucky, and Utah. The company also has a financial services operation in Powhatan Point, Ohio; and a marketing and sales office in Lexington, Kentucky.

29325 Chagrin Boulevard

Suite 300

Pepper Pike, OH 44122

United States

Founded in 1988

Phone:

216-765-1240

Fax:

216-765-2654

Key Executives for Murray Energy Corporation

Chief Financial Officer
Senior Vice President
Vice President of Business Development & External Affairs
Vice President of Engineering & Planning
Compensation as of Fiscal Year 2013.

Murray Energy Corporation Key Developments

Murray Energy Corporation to Report Q3, 2013 Results on Nov 04, 2013

Murray Energy Corporation announced that they will report Q3, 2013 results on Nov 04, 2013

CONSOL Energy Inc., Consolidation Coal Company, Murray Energy Corporation - M&A Call

To discuss CONSOL Energy Inc. agreement to sell its Consolidation Coal Company subsidiary to a subsidiary of Murray Energy Corporation

Murray Energy Corporation Announces Closing Private Offering $350 Million 8.625% Senior Secured Notes Due 2021 and Entry into New Credit Facilities

Murray Energy Corporation announced the closing of its previously announced private offering of $350 million aggregate principal amount of 8.625% senior secured notes due 2021. The Notes were sold at a price equal to 100% of their face value, with an effective yield of 8.623%. The Notes are secured on a second priority basis, subject to certain exceptions and certain permitted liens, by the assets of the company and certain of the company's domestic subsidiaries and affiliates that secure the company's Term Loan Facility (as defined below) on a first priority basis. The Notes are secured by a third priority lien on all accounts receivables and related assets of the company. The Notes and related guarantees were offered in the United States only to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended and outside the United States, only to non-U.S. The company also entered into a new $350 million senior secured term loan facility (the new term loan facility"), which was borrowed in full, with a maturity date of 2019 and a new $50 million ABL revolving credit facility, all of which was available upon consummation of the offering, with a maturity date of 2018. The Company used a portion of the net proceeds from the offering of Notes, along with a portion of the borrowings from the New Term Loan Facility and cash on hand, to fund the purchase of any and all of the Company's outstanding 10.25% Senior Secured Notes due 2015 (the Existing Notes') accepted for payment in a previously announced cash tender offer. Concurrently with the closing of the offering of Notes, the company called for redemption any Existing Notes not tendered in the tender offer.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
October 28, 2013
Murray American Energy, Inc.
 

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