International Coal Group, Inc. reported that it has successfully raised capital through two separate offerings of common stock and convertible notes. The company will use the proceeds from both offerings for general corporate purposes and to redeem part of an outstanding 9.00% convertible senior note issue due in 2012.

International Coal Group, Inc. sold 22.4 million shares of common stock at a price of $4.47 per share, raising approximately $94 million after commissions and other underwriting expenses. UBS Securities LLC and Morgan Stanley & Co. were co managers on the common stock offering and retain an option to purchase an additional 3.35 million shares of stock.

International Coal Group, Inc. also sold $115.0 million principal amount of a convertible senior note issue due in 2017. The notes have a 4% coupon, and are convertible into 172.0874 shares of common stock, representing a conversion price of $5.81 per share. UBS Securities LLC and Morgan Stanley & Co. also were co managers on the convertible note deal.

International Coal Group, Inc. is a producer of coal from the Appalachian and Illinois Basins in the United States, and owns 13 mining operations in those areas.

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