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Alpha Natural Resources, Inc. Commences Consent Solicitation to Amend Indenture Governing Foundation PA Coal Company, LLC's Outstanding 7 1/4% Senior Notes Due 2014.

Article Excerpt
ABINGDON, Va., July 1 /PRNewswire-FirstCall/ -- Alpha Natural Resources, Inc. ("Alpha") today announced that it is commencing a consent solicitation (the "Consent Solicitation") to amend the indenture (the "Indenture") under which Foundation PA Coal Company, LLC (the "Issuer") issued its 7 1/4% Senior Notes due August 1, 2014 (the "Notes").

The Consent Solicitation is being conducted in connection with the previously announced proposed merger (the "Merger") between Alpha and Foundation Coal Holdings, Inc. , a Delaware corporation ("Foundation") and an indirect parent of the Issuer, pursuant to an Agreement and Plan of Merger dated as of May 11, 2009 (the "Merger Agreement"). However, consummation of the Merger is not conditioned on the success of the Consent Solicitation.

Promptly following the consummation of the Merger and so long as the other conditions to the Consent Solicitation are satisfied and Alpha has not terminated the Consent Solicitation, Alpha or its designee will pay, either directly or indirectly, to The Depository Trust Company or the tabulation agent for the Consent Solicitation the aggregate consent payment due to each Holder (as defined below) who has validly delivered and not validly revoked a consent prior to the Expiration Time (as defined below). The consent payment will be in an amount equal to $7.50 for each $1,000 principal amount of Notes with respect to which a consent has been validly delivered. Other than the Consent Payment,...