Westmoreland Coal Company (NasdaqGM:WLB) today announced that its Board of Directors has declared a dividend of $.53125 per depositary share payable on January 1, 2015 to holders of record as of December 19, 2014. Each depositary share represents one-quarter of a share of the Company’s Series A Convertible Exchangeable Preferred Stock. About [...]
Westmoreland Coal Company (NasdaqGM: WLB, “Westmoreland”) announced today early results for its previously announced tender offer and related consent solicitation commenced on November 17, 2014 for its 10.75% Senior Secured Notes due 2018 (CUSIP 960887AB3) (the “Notes”). An aggregate of $664,002,000 principal amount of Notes, representing 98.30% of [...]
Westmoreland Coal Company (NasdaqGM:WLB, “Westmoreland”) announced today that it intends to offer, subject to market conditions, approximately $400 million in principal amount of Senior Secured Notes expected to mature in 2021 (the “Notes”). Westmoreland made the announcement in connection with its marketing efforts for a Senior Secured Term Loan [...]
Westmoreland Coal Company (NasdaqGM:WLB) announced that both Moody’s Investors Service, Inc. and Standard & Poor’s Ratings Services have upgraded Westmoreland’s corporate rating. Moody’s upgraded the corporate family rating to B3 from Caa1 and assigned Caa1 rating to Westmoreland’s proposed new $300 million term loan. A stable outlook was [...]
Westmoreland Coal Company (NasdaqGM: WLB, “Westmoreland”) today announced that it has commenced a cash tender offer (the “Offer”) to purchase any and all of its outstanding $675,485,000 in aggregate principal amount of 10.75% Senior Secured Notes (CUSIP 960887AB3) due 2018 (the “Notes”). In connection with the Offer, Westmoreland is soliciting [...]
Westmoreland Coal Company (NasdaqGM:WLB), through its subsidiary Westmoreland Kemmerer, Inc., today announced the signing of a long-term supply agreement with FMC Corporation (NYSE:FMC) from the Kemmerer Mine for FMC’s Westvaco and Granger operations. The new agreement replaces two existing contracts that were set to terminate in 2016 and 2021. The [...]
Westmoreland Coal Company (NasdaqGM:WLB) today announced results of the third quarter ended September 30, 2014. Revenues for the quarter were $337.8 million versus $176.8 million in the same quarter in 2013. Adjusted EBITDA for the quarter was $41.7 million. In recent guidance, the company had projected an Adjusted EBITDA range of $40 to $45 [...]
Westmoreland Coal Company will host a conference call and live webcast to discuss the results of the third quarter 2014, to be held Thursday, October 23, 2014 at 10:00 AM Eastern Time. To participate in this event, dial 844-WCC-COAL (844-922-2625) domestically, or 201-689-8584 internationally, approximately 5 to 10 minutes before the beginning of [...]
Westmoreland Coal Company (NasdaqGM: WLB, “Westmoreland”), Oxford Resource Partners, LP (NYSE: OXF, “Oxford”) and Oxford Resources GP, LLC, the general partner of Oxford (“Oxford GP”), today announced that Westmoreland will acquire Oxford GP and contribute certain royalty bearing coal reserves to Oxford in return for Oxford common units. As a [...]
On Thursday, October 23, 2014, Westmoreland Coal Company (NasdaqGM:WLB) will announce the results for the third quarter 2014. A conference call with management is scheduled for 10 a.m. ET. Keith E. Alessi, Chief Executive Officer, will conduct the call. When: October 23, 2014 at 10:00 a.m. Eastern Daylight Time ...
Cabot Corporation (NYSE: CBT) and Westmoreland Coal Company (NASDAQ: WLB) announced today that they plan to increase activated carbon manufacturing capacity in North America. The joint venture partners plan to double the capacity of their Bienfait, Saskatchewan...
Westmoreland Coal Company (NASDAQ: WLB) and Cabot Corporation (NYSE: CBT) announced today that they plan to increase activated carbon manufacturing capacity in North America. The joint venture partners plan to double the capacity of their Bienfait, Saskatchewan...
