Louisville, Kentucky, October 31, 2017 — Bowie Resource Partners, LLC (“Bowie”) today announced that Bowie Resource Holdings, LLC (the “Issuer”) and Canyon Finance Corp. (the “Co-Issuer”) intend to offer, subject to market and other conditions, up to $375,000,000 aggregate principal amount of Senior Secured Notes due 2022 (the “Notes”) through a private placement. Bowie intends to use the proceeds from the offering in part to refinance Bowie’s existing senior secured credit facilities and finance the acquisition of Bowie by Canyon Consolidated Resources, LLC.
Jefferies is acting as sole initial purchaser and book-runner for the Notes.
The Notes are being offered only (1) in the United States to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and (2) outside the United States to persons other than “U.S. persons” in compliance with Regulation S under the Securities Act. The Notes have not been registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state laws.
This press release shall not constitute an offer to sell or a solicitation of an offer to purchase the Notes or any other securities, and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful.
This press release contains forward-looking statements about Bowie’s business, operations and industry that involve risks and uncertainties, such as statements regarding its plans, objectives, expectations and intentions. Any forward-looking statements contained in this press release speak only as of the date on which they are made and are based upon historical performance and on current plans, estimates and expectations. Bowie’s future results and financial condition may differ materially from those currently anticipated as a result of numerous factors, some of which Bowie may not be able to predict and may not be within Bowie’s control. Before investing in the Notes, investors should be aware that such factors could have a material adverse effect on Bowie’s business, results of operations and financial position. Bowie undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
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|Bowie Resource Partners, LLCAttention: James J. WolffChief Financial Officer
Tel: (502) 584-6022