Bowie Resource Partners LP, a private equity-backed MLP with three underground coal mines in Utah, filed on Friday with the SEC to raise up to $100 million in an initial public offering.
Another coal MLP, CNX Coal Resources LP (CNXC), is on the IPO calendar for next week.
The Louisville, KY-based company, which was founded in 2015 and booked $411 million in sales for the 12 months ended March 31, 2015, plans to list on the NYSE under the symbol BRLP. Bowie Resource Partners LP initially filed confidentially on February 6, 2015. Citi, Morgan Stanley, Deutsche Bank, UBS Investment Bank, Credit Suisse and Stifel are the joint bookrunners on the deal. No pricing terms were disclosed.
