Davis Polk advised the representative of the underwriters in connection with an SEC-registered offering of 13,500,000 shares of common stock of Cloud Peak Energy Inc. The total proceeds of the offering were $64.7 million. Cloud Peak’s common stock is traded on the New York Stock Exchange under the symbol “CLD.”

Cloud Peak is headquartered in Wyoming and is one of the largest U.S. coal producers and the only pure-play Powder River Basin coal company. As one of the safest coal producers in the nation, Cloud Peak specializes in the production of low sulfur, subbituminous coal. The company owns and operates three surface coal mines in the PRB, the lowest-cost major coal-producing region in the nation. The Antelope and Cordero Rojo mines are located in Wyoming and the Spring Creek mine is located near Decker, Montana.

The Davis Polk capital markets team included partner Michael Kaplan and associates Yasin Keshvargar and Alice Z. Chen. Counsel Loyti Cheng and associate Yuko Masunaga provided environmental advice. Partner Rachel D. Kleinberg and associates Patrick E. Sigmon and Elina Khodorkovsky provided tax advice. Members of the Davis Polk team are based in the New York and Northern California offices.

Copy link to share post