Exhibit 99.1
INTERNATIONAL COAL GROUP, INC.
Text of Certain Information Made Available to Potential Investors on July 26, 2007 in Connection with
a Proposed Offering of Convertible Senior Notes due 2012
This information shall not constitute an offer to sell or the solicitation of an offer to buy any securities.
Recent financial information
The following table reflects our total debt and capital leases as of June 30, 2007 and as of June 30, 2007 after giving effect to the convertible notes offering and the amendment to our senior credit facility:
| | | | | | |
| | | June 30, 2007 |
| | Actual | | As Adjusted |
| | (unaudited) |
| | (dollars in thousands) |
Senior credit facility | | $ | 65,000 | | $ | — |
Senior notes | | | 175,000 | | | 175,000 |
Convertible notes | | | — | | | 195,000 |
Equipment notes | | | 15,212 | | | 15,212 |
Capital leases and other | | | 3,456 | | | 3,456 |
| | | | | | |
Total | | | 258,668 | | | 388,668 |
Less current portion | | | 8,975 | | | 8,975 |
| | | | | | |
Long-term debt and capital leases | | $ | 249,693 | | $ | 379,693 |
| | | | | | |
Liquidity
After giving effect to the convertible notes offering and the amendment to the senior credit facility, as of June 30, 2007, our liquidity would have been $178.3 million, consisting of cash of $114.5 million and $63.8 million available for borrowing under our senior credit facility.
Amended senior credit facility
We currently have a $325.0 million senior credit facility. Upon the issuance of the convertible notes, and after giving effect to the Amendment (as described below), the commitments under our senior credit facility will be reduced from $325.0 million to $130.0 million (assuming no exercise of the over-allotment option) and our sublimit for the issuances of letters of credit will be reduced from $125.0 million to $80.0 million, we will not have any amounts outstanding under our senior credit facility and we will have $66.2 million of letters of credit issued. If the over-allotment is exercised, the commitments under our senior credit facility will be reduced on a commensurate basis.
