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Montag, 09.09.2013 22:20 von | Aufrufe: 134

Rhino Resource Partners LP Announces Public Offering of Common Units

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PR Newswire

LEXINGTON, Ky., Sept. 9, 2013 /PRNewswire/ -- Rhino Resource Partners LP (NYSE: RNO) ("Rhino") announced today the commencement of a public offering of 1,100,000 common units representing limited partner interests in Rhino.  In connection with the offering, Rhino expects to grant the underwriter a 30-day option to purchase up to 165,000 additional common units.

Rhino intends to use the net proceeds from this offering, and the related capital contribution by its general partner, to repay borrowings outstanding under its revolving credit facility.  If the underwriter exercises its option to purchase additional common units, Rhino intends to use the additional net proceeds and related capital contribution by its general partner to repay borrowings outstanding under its revolving credit facility. 

The common units will be offered and sold pursuant to an effective shelf registration statement on Form S-3 previously filed with the Securities and Exchange Commission.  The offering may be made only by means of a prospectus supplement, filed with the Securities and Exchange Commission, and the related base prospectus.  Raymond James & Associates, Inc. is the sole underwriter for the offering.  A copy of the preliminary prospectus supplement and base prospectus, when available, may be obtained from:

Raymond James & Associates, Inc.
880 Carillon Parkway
St. Petersburg, Florida 33716
1-800-248-8863
prospectus@raymondjames.com

This press release shall 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 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.

About Rhino Resource Partners LP

Rhino Resource Partners LP is a diversified energy limited partnership that is focused on coal, oil and natural gas and related energy infrastructure.  Rhino produces metallurgical and steam coal in a variety of basins throughout the United States, manages and leases coal properties and owns oil and natural gas acreage in the Utica Shale and Cana Woodford regions.


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Forward-Looking Statements

Certain statements and information in this press release may constitute "forward-looking statements".  The words "believe," "expect," "anticipate," "plan," "intend," "foresee," "should," "would," "could" or other similar expressions are intended to identify forward-looking statements, which are generally not historical in nature.  These forward-looking statements are based on our current expectations and beliefs concerning future developments and their potential effect on us.  While management believes that these forward-looking statements are reasonable as and when made, there can be no assurance that future developments affecting us will be those that we anticipate.  All comments concerning our expectations for future revenues and operating results are based on our forecasts for our existing operations and do not include the potential impact of any future acquisitions.  Our forward-looking statements involve significant risks and uncertainties (some of which are beyond our control) and assumptions that could cause actual results to differ materially from our historical experience and our present expectations or projections.  Important factors that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to, the following: fluctuation in coal prices; competitiveness of the global markets in which we compete and declines in the market demand for coal; changes in governmental regulation of the mining industry or the electric utility industry; adverse weather conditions and natural disasters; weakness in global economic conditions; decreases in demand for electricity and changes in demand for and price of coal; poor mining conditions resulting from geological conditions or the effects of prior mining; equipment problems at mining locations; the availability of transportation for coal shipments; the availability and costs of key supplies and commodities such as steel, diesel fuel and explosives; the availability and prices of competing electricity generation fuels; our ability to secure or acquire high-quality coal reserves; our ability to successfully diversify our operations into other non-coal natural resources; and our ability to find buyers for coal under favorable supply contracts.

For additional information regarding known material factors that could cause our actual results to differ from our projected results, please see our filings with SEC, including our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. 

Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date hereof.  We undertake no obligation to publicly update or revise any forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise.

 

SOURCE Rhino Resource Partners LP

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