Alliance Resource Partners, L.P. Announces Pricing of $400 Million Private Offering of Senior Notes

Vinson & Elkins served as issuer’s counsel in connection with the high-yield Rule 144A notes offering of Alliance Resource Operating Partners, L.P. (“AROP”), the intermediate partnership of Alliance Resource Partners, L.P., and Alliance Resource Finance Corporation, AROP’s wholly owned subsidiary, for $400 million in aggregate principal amount of 8.625% senior unsecured notes due 2029.

AROP expects to use a portion of the net proceeds from the offering to fund the redemption of its outstanding 7.500% senior notes due 2025 and the remainder for general corporate purposes. The offering was priced on May 29, 2024.

The Vinson & Elkins corporate team was led by partners David Oelman, Brenda Lenahan and David Stone, with assistance from associates Walt Baker, Phillip Greenfield and Rachel Campbell. Also advising was partner Ramey Layne; partner Wendy Salinas and associate Steve Campbell; partner Caitlin Turner and associate James Payne; partners Casey Hopkins and Matthew Dobbins and associates Kelly Rondinelli and Tom Aird; partner David D’Alessandro, counsel Melissa Spohn and associate Cassandra Zarate; counsel Rajesh Patel and senior associate Alexa Chally; counsel Brian Howard; and counsel Elizabeth Krabill McIntyre.

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