Arch Coal: Term Loan Lenders Ask Admin Agent Not To Cooperate With Exchange

A group of Arch Coal’s lenders that purportedly hold more than 50% of the approximately $1.9 billion term loan have directed the administrative agent to not cooperate with the company’s proposed uptier exchange offer, asserting, among other things, that the transaction triggers the MFN protection on the term loan and that [...]

Topics:  coal s   mfn   lenders   admin   agent   cooperate   exchange   arch coal   term loan   
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