Drummond goes on road with 400 million dollars high yield offering

摘要

Drummond Coal has conducted a road show in advance of a 400 million dollars high yield offering that seems to suggest that an IPO might still be in the distant future. Investors learned about Drummond's plans to extend the reach and scope of imported coal into the U.S. - including efforts to complete an agreement with CSX similar to its highly publicized contract with Norfolk Southern, which helped to facilitate a term coal supply agreement with Duke Power and a new deal with Southern Company.