Contura Announces Completion of Successful Refinancing Through $561.8 Million Term Loan Credit Facility

BRISTOL, Tenn., June 17, 2019 /PRNewswire/ — Contura Energy, Inc. (NYSE: CTRA), a leading U.S. coal supplier, today announced the completion of its refinancing process through a previously disclosed five-year, $561.8 million senior secured term loan facility. The new facility offers Contura more flexibility to return capital to shareholders by allowing for unlimited restricted payments while the company’s total leverage ratio is 3.0x or less and there is no default.