NEW YORK, June 27 (Reuters) - Magnum Coal Co. on Wednesday pulled its $350 million bond deal, citing market conditions, syndicate sources told Reuters Loan Pricing Corp.
Lehman Brothers was the lead manager for the seven-year, second-lien secured notes.
Magnum Coal is rated "B3" by Moody's Investors Service and "B-minus" by Standard & Poor's, the sixth highest junk rating.