FirstLight Financial Corporation Serves as Lead Arranger of $115MM in Senior Credit Facilities for Leading Midwestern Coal Producer

OLD GREENWICH, Conn.--(EON:Enhanced Online News)--FirstLight Financial Corporation (“FirstLight”) announced today that it served as lead arranger and administrative agent of a $115 million senior credit facility for the American Infrastructure MLP Fund.

“The key to structuring these types of deals appropriately requires an in-depth knowledge of the energy industry”

The credit facility consists of a $25 million revolver, a $60 million term loan and a $30 million last-out term loan. The facility was used to recapitalize and provide growth financing for Oxford Mining Company, Inc., now Oxford Resource Partners, L.P. (“Oxford”), the largest producer of surface mined coal in Ohio.

“In light of tough market conditions, we were very impressed with FirstLight’s execution in this transaction.The team demonstrated a deep understanding of the business, which enabled them to provide a fully underwritten facility and assemble a very high quality bank group,” said Matt Carbone, Managing Director at the American Infrastructure MLP Fund.

“We chose FirstLight not only because they could provide the financing we need now, but because they understand our business and our industry,” said Chuck Ungurean, Oxford’s President & CEO.

“The key to structuring these types of deals appropriately requires an in-depth knowledge of the energy industry,” said Ron Carapezzi, President & CEO of FirstLight. “This is a great example of how we draw on the expertise of our energy finance team to deliver more value to our clients.”

About FirstLight Financial Corporation:

FirstLight Financial Corporation is a commercial finance platform offering customized financings primarily for middle market companies across a broad spectrum of industries. Newly formed by a team of seasoned professionals who share a long-term, client-focused mindset, FirstLight offers a unique, personalized experience characterized by reliability, responsiveness, creativity and integrity. For more information, visit www.firstlightfinancial.com.

About the American Infrastructure MLP Fund:

The American Infrastructure MLP Fund is a private equity fund investing in natural resource and real property related companies. The Fund’s innovative strategy is designed to provide unique advantages for the owners, management teams and businesses in which it invests, while creating attractive returns and tax-advantaged current income for investors. For more information, visit www.aimlp.com.

About Oxford Resource Partners, L.P.:

Founded in 1985, Oxford is the largest producer of surface mined coal in Ohio. The Company operates 16 surface mines, preparation plants and a barge loading facility. Oxford produces over 5 million tons of coal per year and has long-term customer relationships with leading utilities in the Ohio Valley. Led by industry veteran Chuck Ungurean, Oxford employs a staff of over 450 dedicated employees, many who have been with the Company for over 20 years. Oxford has grown rapidly, both internally and through acquisitions.