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  "documentTitle": "Alpha Metallurgical Resources, Inc. (AMR)",
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  "authorName": "Spruce Point Capital Management",
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  "presentationDate": "2022-05-17 00:00:00",
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      "text": "AMR uses a discount rate for certain pension obligations near 2.6%, its weighted average financing lease expense is 9.6%, and its Term-Loan interest cost is 10%. Using these range of assumptions for its incremental borrowing cost, we estimate that AMR’s “Hidden” Interest-Bearing debt obligations are $138 to $690 million.",
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      "text": "Hidden Interest Bearing Debt: $690 million",
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      "text": "AMR uses a discount rate for certain pension obligations near 2.6%, its weighted average financing lease expense is 9.6%, and its Term-Loan interest cost is 10%. Using these range of assumptions for its incremental borrowing cost, we estimate that AMR's \"Hidden\" Interest-Bearing debt obligations are $138 to $690 million.",
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      "text": "Source: AMR financial reports and Spruce Point Estimates",
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      "text": "Estimated Amount of \"Hidden Borrowing\"",
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