No pricing terms have been disclosed.
According to an announcement first made public online by investment site Renaissance Capital, the Louisville, Kentucky-based miner will list on the New York Stock Exchange under the ticker symbol BRLP.
BRP was founded last year and is owned by Cedars Energy LLC and Galena Asset Management. For the 12 months ended March 31, the company’s sales bookings totaled $411 million.
Citi, Morgan Stanley, Deutsche Bank, UBS Investment Bank, Credit Suisse and Stifel will reportedly serve as joint bookrunners on the IPO.
BRP’s portfolio includes the Bowie No. 2 mine in Colorado along with Utah mines Dugout Canyon, Skyline and Sufco; Bowie, Skyline and Sufco are all running single longwall panels. Combined, the four mines produce an annual total of 13 million tons of high-BTU, low-sulfur bituminous coal.
