Laserfiche WebLink
proud F. RobMtaa Jr. MYfA U1iA Inc. <br />Senla VIoO Prasi0enl 1700 Old Kingston Pike <br />P.O. Boc 19810 <br />' Knoxville, 7N ]797V•]810 <br />' /6S DSO 3]S8 Fu: kG3 ~SU 3790 <br />Sem.F.Rohinrcm(giannrslmw.oom <br />January 24.2001 <br />IVIARSH <br />M IN~ItC tompsny <br />VIA FAX: 1169-336$168 <br />Mr. tarry t?pltzmnler <br />Troaauter . <br />Quaker Coal Company, Irrc. <br />824 Euclid Avenue,.SuUe 102 <br />Le~dngfon, Kantucky40302 <br />Dew larryr <br />tM behalf of Draw Brach end MNre Ford, l greatly appreciate the 6me that you agent <br />WIlh ub during our vlNt to L6XingtclF on January 25, 2001. Further, rwe appredate the <br />brlatirlg iliac you pave us re0arding the Chapter 11 proceedings and the challenges <br />that have bean onatod by the Nnarrckrg group. <br />vVe were very pleased to hoar that the company Is doing watt and generetlng <br />slgnifloant Dash Aow m the Darren! market. If approprfata, Marsh would appradata an <br />opportuMgr,to work wtlh you end your financing group to seek an exR strategy from <br />Chapter 11 that wiq Include a surety program to replace Hre Frontier bonds. In <br />todsys matket, we are convtrtcad that It win take somethlrrg other than the tredltlonai <br />ewdy rolntlonshlpa to provide adequate capacity for Queker'a'bond requirements. <br />We arc aurently in the proms at expbring for other mining companlee elmtlsr •out- <br />oFthe.ba!' arrangements to address the voM lek try fhe Frorltler sltuetlon. We <br />6eAave that ouch en artarpemerlt Dan also work for threker Coal, and we believe <br />that the timing 4 right aMoe you are aeeking to structure en exit strategy. <br />In tYrder for Maroh to ba mast etfecUvo, we would need to De you exdualva <br />ropro6eMa6ve h the surety marketplaee. Shouid you deride to engage us, I have <br />lnch]ded a Broker of Latter form which needs to be comptated on your letterhead and <br />algnad by an oflioer of the twmparry. h you have any quesAone about thh3 <br />atrsnptrmerd, please do not heakate to tau me. <br />6lnceroly yours, . ~ <br />_ . _:-~~ <br />t3amuel F. RoWnaan, Jr. <br />tat. V10e PfeLldeM <br />E~~ .i <br />CC: Draw Brach, Mareb 1>urety, Mkhlgan (Via Fax a16-2334398) <br />_JuryagSmney, Mash, Knoxvine <br />FfonkAtVOrd,Marah, Knoxv~e , <br />Mike ~`ord, Matih Knoxviue <br />