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Cloud Peak Energy extends early tender date of exchange offers

PowderRiver Basin coal producer CloudPeak Energy Inc. announced Sept. 28 that it is extending the earlytender date of previously announced exchange offers for its outstanding 8.50% senior notesdue 2019 and 6.375% senior notes due 2024, to Oct. 4.

Thecoal miner is offering to exchange up to $400 million aggregate principalamount of the senior notes for new secured 12.00% second-lien notes due 2021.

Asof Sept. 27, the outstanding principal amounts of the senior notes due 2019 and2024 have already been tendered by 77.51% and 71.37%, respectively.

Theoffer for the 8.50% senior notes due 2019 is conditioned upon a minimum of $200million aggregate principal amount outstanding of 2019 notes being tendered.

Meanwhile,the offer for the 6.375% senior notes due 2024 is not conditioned upon anyminimum amount of 2024 notes being tendered.

Withdrawalrights ended Sept. 27, while the exchange offers are scheduled to expire Oct.12, unless extended, according to Cloud Peak.