Cases & Deals

North American Coal participates in customer debt restructuring and enters into refined coal sales arrangement

Clients NACCO Industries, Inc.

Jones Day represented The North American Coal Corporation, a subsidiary of NACCO Industries, Inc., in negotiating a refined coal sale arrangement whereby Choctaw Generation Limited Partnership will use coal refined from North American Coal supplied lignite as the exclusive fuel for the Red Hills Generating Station located in Choctaw County, Mississippi operated by CGLP. This arrangement was part of a restructure of the customer's long-term debt.