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MidCap Financial Provides $50MM Credit Facility to Blackhawk Mining

September 19, 2017, 07:30 AM
Filed Under: Mining

MidCap Financial announced it has provided a $50.0 million senior credit facility to a coal mining and marketing company, Blackhawk Mining, LLC. The MidCap credit facility will support working capital needs and provide additional liquidity for the company.

Blackhawk Mining, LLC was formed in 2010 with the acquisition of the Spurlock Complex in Floyd County, Kentucky. In its first year of full operation, the company produced just over 1 million tons of coal. The company has grown rapidly over the last several years to become a regional leader in coal mining and marketing. Blackhawk Mining operates nine mining complexes across three states with approximately 2,300 employees.  


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