Warrior Met Coal Prices 16.7 Mln Shares IPO At $19/share

(RTTNews) - Warrior Met Coal, Inc. announced Thursday the pricing of its initial public offering of 16.67 million shares of its common stock at $19.00 per share on April 12.

All of the shares of the company's common stock were offered by the selling stockholders named in the registration statement. The shares are expected to begin trading on the New York Stock Exchange under the ticker symbol "HCC" today.

In addition, the selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 2.5 million shares of the Company's common stock. The offering is expected to close on April 19, subject to customary closing conditions.

The Company will not receive any of the net proceeds from its initial public offering. All of the net proceeds from the offering will be received by the selling stockholders.

Credit Suisse Securities (USA) LLC, Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC are acting as joint book-running managers

Warrior Met Coal is a large scale, low-cost U.S. based producer and exporter of premium metallurgical coal operating in Alabama.