Daily News: February 11, 2014

GE Agents James River Coal Revolver Amendment

James River Coal Company announced that it is exploring and evaluating potential strategic alternatives, which may include a capital investment through debt and/or equity securities or a sale of all or one or more portions of the company. In connection with launching this process, the company entered into an amendment to its revolver. GE Capital acted as administrative agent and collateral agent, according to an 8-K filed January 9, 2014.

To assist in the process of identifying, evaluating and pursuing potential strategic alternatives, the company has engaged Perella Weinberg Partners as restructuring advisor, Deutsche Bank Securities as M&A advisor and Davis Polk & Wardwell as legal advisor.

The company has not made a decision to pursue any specific transaction or other strategic alternative.

James River Coal Company is a coal producer in Central Appalachia and the Illinois Basin.