Akin Gump Advises Warrior Met Coal in Secured Note Offering

(New York) – Warrior Met Coal, Inc. has announced that it has priced its previously announced private offering of $350 million in aggregate principal amount of 8.00 percent senior secured notes due 2024. The offering closed November 2, 2017, and Akin Gump advised the company in the transaction.

Warrior Met Coal expects to use the net proceeds of the offering of the notes, together with cash on hand of approximately $260 million, to pay a special cash dividend of approximately $600 million to all of its stockholders on a pro rata basis, to be paid on November 22.

Partner Rosa Testani led the Akin Gump team advising Warrior Met Coal with regard to capital markets matters. She was joined by partner Shar Ahmed, senior counsel Daniel Zimmerman, counsel Alexandra Reuss, associate Cora Fanning and law clerk Natasha Burnett. Partner Scott Welkis led with regard to collateral matters. He was joined by counsel Ryan Kim and Kate Huggins and real estate senior practice attorney Ashley Todd. Partner Daniel Fisher led on corporate and board matters. Tax practice co-head Patrick Fenn led the team providing tax advice. He was joined by senior counsel Jonathan Ciner.

Founded in 1945, Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 900 lawyers in offices throughout the United States, Europe, Asia and the Middle East.

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