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Alliance Resource Partners, L.P. Announces $500 Million Offering of Senior Notes

ARLP | April 3, 2017

Alliance Resource Partners, L.P. Announces $500 Million Offering of Senior Notes

Alliance Resource Partners, L.P. (NASDAQ: ARLP) ("ARLP") announced today that Alliance Resource Operating Partners, L.P. ("AROP"), a subsidiary of ARLP, and AROP’s wholly owned subsidiary, Alliance Resource Finance Corporation ("Finance Corp" and together with AROP, the "Issuers"), subject to market conditions, intend to offer $500 million in aggregate principal amount of senior unsecured notes due 2025 in a private placement to eligible purchasers.

AROP expects to use a portion of the net proceeds from the offering to repay borrowings outstanding under its revolving credit facility and term loan, a portion of the net proceeds to repay outstanding Series B senior notes due 2018 and the remainder of the net proceeds for general corporate purposes.

The notes have not been, and will not be, registered under the Securities Act of 1933, as amended (the "Securities Act"), or under the securities laws of any other jurisdiction. Thus, the notes may be offered only in transactions that are exempt from registration under the Securities Act and applicable state securities laws. The notes are offered only to qualified institutional buyers under Rule 144A and to persons outside the United States under Regulation S of the Securities Act. The notes will not be listed on any securities exchange or automated quotation system.

This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The offering may be made only by means of an offering memorandum.

About Alliance Resource Partners, L.P.

ARLP is a diversified producer and marketer of coal to major United States utilities and industrial users. ARLP, the nation’s first publicly traded master limited partnership involved in the production and marketing of coal, is currently the second largest coal producer in the eastern United States with mining operations in the Illinois Basin and Appalachian coal producing regions.

ARLP currently operates eight mining complexes in Illinois, Indiana, Kentucky, Maryland and West Virginia. ARLP also operates a coal loading terminal on the Ohio River at Mount Vernon, Indiana.

Cautionary Note Concerning Forward-Looking Statements

Certain statements contained in this news release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements represent ARLP’s expectations or beliefs concerning future events, and it is possible that the results described in this news release will not be achieved. These forward-looking statements are subject to risks, uncertainties and other factors, many of which are outside of ARLP's control, which could cause actual results to differ materially from the results discussed in the forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, ARLP does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. New factors emerge from time to time, and it is not possible for ARLP to predict all such factors. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements found in ARLP’s filings with the SEC, including, but not limited to, ARLP’s Annual Report on Form 10-K for the year ended December 31, 2016 and Current Reports on Form 8-K. The risk factors and other factors noted in ARLP’s SEC filings could cause actual results to differ materially from those contained in any forward-looking statement.