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Arch rejigs finances

ONE of the Australian coal industry’s largest international competitors has amended its credit agreement to reduce the interest rate on its senior secured term loan facility.

Noel Dyson
A US-based competitor to Australia's coal miners has bolstered its finances.

A US-based competitor to Australia's coal miners has bolstered its finances.

With Credit Suisse’s help Arch Coal has amended its US$300 million term loan interest rate to the London Interbank Offered Rate plus 325 basis points. That reflects a 75 basis point reduction on the...

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