Boston, MA 05/28/2014 (wallstreetpr) – Alpha Natural Resources, Inc. (NYSE:ANR) is one of the largest and diversified coal providers in the U.S., which operates its business across five continents in the world. According to the news published on May 27, 2014, the leading coal producing company will participate in various investor conferences.
Alpha to take participation in the investor conferences:
The U.S. based Coal Company on Tuesday announced to join several investor conferences which will be conducted in the coming two months. The company’s management team will take active participation in the conferences.
Series of conferences:
The first conference, “The Brean Capital 2014 Global Resources & Infrastructure Conference” will be held on Wednesday May 28, 2014. It will be followed by the second, “The Bank of America Merrill Lynch Energy & Power Leveraged Finance Conference” which will take place on Wednesday, June 4, 2014. The third investor conference, “The 1st Annual Clarkson Capital Markets Coal Roundtable Discussion” on Thursday, June 5, 2014 and the last one, “The Sterne Agee 2014 Boston Executive Summit” on Tuesday, June 17, 2014. In the month long series of conferences, Alpha will not formally contribute anything.
Alpha faces debt:
Alpha Natural Resources, Inc. (NYSE:ANR) faces the lowest coal demand in the last ten years. The largest coal producer of the U.S. issued $500 million of ‘high-ranked notes’ in order to close the debt with ‘near-term maturity.’ The news released this week indicated that this sale is most significant since 2011, when Alpha owned the Massey Energy. A person experienced in this subject said that the company should right now think about how to create the liquidity, later it can think about how to fix the balance sheet.
The amount from the offering will help the coal company to wipe out almost $159 million of translatable notes due in the coming year. The Virginia based spokesman of Alpha Natural Resources, Inc. (NYSE:ANR), Alex Rotonen, commented that by taking such step the company is trying to avoid being a defaulter.
