James River Coal Company Closes Acquisition of International Resource Partners LP
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RICHMOND, Va., April 18, 2011 - James River Coal Company (NASDAQ: JRCC) today announced that it closed the previously announced acquisition of International Resource Partners LP (IRP) and its affiliated companies for $475 million in an all-cash transaction.
The acquisition was financed using a portion of the proceeds from James River Coal's recent sales of 7,647,500 shares of its common stock, $230 million aggregate principal amount of its 3.125% convertible senior notes due 2018 and $275 million aggregate principal amount of its 7.875% senior notes due 2019.
CONTACT:
James River Coal Company
Elizabeth M. Cook
Director of Investor Relations
(804) 780-3000
SOURCE James River Coal Company
Web Site: www.jamesrivercoal.com