Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit 
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
Ford and Geely Explore Strategic Manufacturing Partnership in Europe 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
Washington Post Publisher Will Lewis Steps Down After Layoffs 
Weight-Loss Drug Ads Take Over the Super Bowl as Pharma Embraces Direct-to-Consumer Marketing 
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
Instagram Outage Disrupts Thousands of U.S. Users 
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
Tencent Shares Slide After WeChat Restricts YuanBao AI Promotional Links 
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine 
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
LEXINGTON, KY, Dec. 28, 2017 -- Rhino Resource Partners LP (OTCQB: RHNO) (“Rhino” or the “Partnership”) today announced that it executed a new three year, $80 million financing agreement with Colbeck Capital Management (“Colbeck”). The financing agreement is a multi-draw term loan with initial proceeds used to refinance Rhino’s revolving credit facility with PNC Bank, fully collateralize the Partnership’s existing letters of credit and fund general working capital purposes. Rhino plans to utilize the delayed draw portion of the financing agreement for potential strategic acquisitions and accretive organic growth opportunities.
Rick Boone, President and Chief Executive Officer of Rhino’s general partner, stated, “Our new three year financing agreement provides us the financial stability and flexibility to grow the Partnership as we look to capitalize on the current strong market conditions, with a strategic focus on our expansion in the international met coal markets. We look forward to working with Colbeck, our new financing partner, to increase the value of our Partnership for our unitholders. Our new financing partner, Colbeck, coupled with the continued support of our sponsor, Royal Energy Resources, Inc. (OTCQB: ROYE), as well as our financial partner Yorktown Partners LLC, positions us to be a strong, long-term competitor in the world-wide coal markets.”
About Colbeck Capital Management
Colbeck manages a strategic lending fund with operations in New York City and Los Angeles. Colbeck’s partnership approach with entrepreneurs, management teams, and equity sponsors delivers fully-underwritten financing solutions to borrowers. For more information, visit www.colbeck.com.
About Rhino Resource Partners LP
Rhino Resource Partners LP is a diversified energy limited partnership that is focused on coal and energy related assets and activities, including energy infrastructure investments. Rhino produces metallurgical and steam coal in a variety of basins throughout the United States.
Additional information regarding Rhino is available at its web site – RhinoLP.com.
# # #
Investor Contact: Scott Morris +1 859.519.3622 [email protected]
