DEBT REDUCTION
US coal producer Alpha Natural Resources has reduced its total debt by about $379-million, after it successfully completed the repurchase of various notes. Alpha bought back about $593-million in principal amount of its unsecured notes in separate privately negotiated transactions with investors. This included the $82-million principal amount of its 3.75% convertible notes due 2017, the $108-million principal amount of its 9.75% senior notes due 2018, the $220-million principal amount of its 6% senior notes due 2019, the $68-million principal amount of its 4.875% convertible notes due 2020 and the $115-million principal amount of its 6.25% senior notes due 2021.
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