June 19, 2017 / 8:18 PM / 9 months ago

BRIEF-Contura announces special cash dividend

June 19 (Reuters) - Contura Energy Inc

* Contura announces special cash dividend

* Board of directors has authorized and declared a special cash dividend of approximately $92.8 million in aggregate

* In addition, dividend equivalent in amount of approximately $8.0 million in aggregate will be awarded to plan participants

* Contura Energy says estimates that special cash dividend payable to eligible stockholders will be approximately $9.00 per share of common stock

* Entered into amendments to debt agreements governing its term loan credit facility and asset-based revolving credit facility

* Entered amendments to permit amount of $150.0 million of cash to be used for payment of a one-time cash dividend on its common stock

* Contura Energy says amendment also permit to repurchase of its common stock at any time no later than December 31, 2017 Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below