|By PR Newswire||
|August 29, 2014 05:45 PM EDT||
DENVER, Aug. 29, 2014 /PRNewswire/ -- Hallador Energy Company (NASDAQ:HNRG) announced this afternoon that its wholly owned subsidiary, Sunrise Coal LLC, closed the acquisition of Vectren Fuels. As previously announced on July 1, 2014, an agreement was reached on the sale, and today marks the official closing of the transaction.
The purchase price was $320 million. On the same date we entered into a credit agreement with PNC Bank as administrative agent for a group of several other banks. The credit agreement allows for a $250 million revolver and a $175 million term loan. Considering the acquisition and the payment of bank fees, our current debt is $350 million. The credit facility is collateralized by substantially all of Sunrise Coal's assets and we are the guarantor.
An audio webcast will occur on Thursday, September 4, 2014 at 2:00 p.m. EST to discuss the acquisition. More details will be provided Tuesday, September 2, 2014.
Hallador is headquartered in Denver, Colorado and through its wholly owned subsidiary, Sunrise Coal, LLC, produces coal in the Illinois Basis for the electric power generation industry. To learn more about Hallador or Sunrise, visit our websites at www.halladorenergy.com or www.sunrisecoal.com.
SOURCE Hallador Energy Company
The basic integration architecture, as defined by ESBs, hasn’t changed for more than a decade. Most cloud integration providers still rely on an ESB architecture and their proprietary connectors. As a result, enterprise integration projects suffer from constraints of availability and reliability of these connectors that are not re-usable across other integration vendors. However, the rapid adoption of APIs and almost ubiquitous availability of APIs amongst most SaaS and Cloud applications are ra...
Jul. 7, 2015 08:15 AM EDT Reads: 1,551
The 5th International DevOps Summit, co-located with 17th International Cloud Expo – being held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the ...
Jul. 7, 2015 08:15 AM EDT Reads: 1,864
In their general session at 16th Cloud Expo, Michael Piccininni, Global Account Manager - Cloud SP at EMC Corporation, and Mike Dietze, Regional Director at Windstream Hosted Solutions, reviewed next generation cloud services, including the Windstream-EMC Tier Storage solutions, and discussed how to increase efficiencies, improve service delivery and enhance corporate cloud solution development. Michael Piccininni is Global Account Manager – Cloud SP at EMC Corporation. He has been engaged in t...
Jul. 7, 2015 08:15 AM EDT Reads: 2,316
Jul. 7, 2015 08:00 AM EDT Reads: 1,217
Jul. 7, 2015 07:30 AM EDT Reads: 2,022
Jul. 7, 2015 07:15 AM EDT Reads: 1,912
Jul. 7, 2015 07:00 AM EDT Reads: 1,816
Jul. 7, 2015 07:00 AM EDT Reads: 3,075
Jul. 7, 2015 07:00 AM EDT Reads: 1,077
Jul. 7, 2015 06:45 AM EDT Reads: 2,378
Jul. 7, 2015 06:45 AM EDT Reads: 1,972
Jul. 7, 2015 04:00 AM EDT Reads: 2,530
Jul. 7, 2015 03:45 AM EDT Reads: 2,870
Jul. 7, 2015 02:00 AM EDT Reads: 1,339
Jul. 7, 2015 01:15 AM EDT Reads: 983