Westmoreland Coal Company (NasdaqGM:WLB) today announced that it has closed its offer to exchange up to $424 million of its 10.75% Senior Secured Notes due 2018 that have been registered under the Securities Act of 1933, as amended (the “Exchange Notes”), for up to $424 million of its outstanding 10.75% Senior Secured Notes due 2018 that were [...]
Westmoreland Coal Company (NasdaqGM:WLB), through its subsidiary Westmoreland Kemmerer, Inc., has today announced the signing of a long-term coal supply agreement with Tata Chemicals North America Inc. in order to supply coal from the Kemmerer Mine. The new agreement replaces the existing contract which was set to terminate in 2016. The agreement [...]
Westmoreland Coal Company (NasdaqGM:WLB) today affirmed its guidance for full year 2014, which was $172 to $190 million. Westmoreland also updated its guidance for third quarter 2014 EBITDA to a range of $40 to $45 million, compared to its previously issued third quarter guidance of $55 to $60 million. “We continue to make great progress on the [...]
Westmoreland Coal Company (NasdaqGM:WLB) today announced that its Board of Directors has declared a dividend of $.53125 per depositary share payable on October 1, 2014 to holders of record as of September 20, 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) today announced that it has commenced an offer to exchange up to $425,000,000 aggregate principal amount of its 10.75% Senior Secured Notes due 2018 that were issued in a private placement on April 28, 2014 (the “Original Notes”) for an equal principal amount of its 10.75% Senior Secured Notes due 2018 that [...]
Westmoreland Coal Company (NasdaqGM:WLB) today announced that Mr. Terry Bachynski from Edmonton, Alberta has been appointed to its Board of Directors. He will serve until the next Annual Meeting, at which time he will stand for election by the shareholders. “We welcome the appointment of Terry to our Board,” noted Richard Klingaman, Chairman of [...]
Westmoreland Coal Company (NasdaqGM:WLB), through its Coal Valley Resources, Inc. subsidiary (“CVRI”), has entered into several agreements that will result in all of its Coal Valley Mine export tonnage being shipped through Ridley Terminals located in Prince Rupert, British Columbia, Canada, beginning January 2015. CVRI voluntarily entered into a [...]
Westmoreland Coal Company (NasdaqGM:WLB), through its Prairie Mines & Royalty ULC subsidiary, has entered into a long-term coal supply agreement with Saskatchewan Power Corporation to supply coal from the Estevan Mine. The agreement results in a commitment of over 60 million tons of coal from Estevan through 2024. “I am very pleased to announce [...]
Westmoreland Coal Company (NasdaqGM:WLB) today announced results of the second quarter ended June 30, 2014, which includes the first results of our Canadian coal mining operations acquired on April 28, 2014. Revenues for the quarter were $288.0 million versus $162.5 million in the same quarter in 2013. Adjusted EBITDA for the quarter was $39.6 [...]
On Friday, July 25, 2014, Westmoreland Coal Company (Nasdaq:WLB) will announce the results for the second 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: July 25, 2014 at 10:00 a.m. Eastern Time How: By Interne...
Westmoreland Coal Company (NasdaqGM:WLB) (the “Company”) announced today that it priced its previously announced underwritten public offering of 1,464,789 shares of common stock at $35.50 per share. The offering is expected to close on July 16, 2014, subject to customary closing conditions. The Company also granted the underwriters a 30-day option [...]
Westmoreland Coal Company (NasdaqGM:WLB) (the “Company”) announced today that it has commenced an underwritten public offering of $52 million of shares of its common stock. The Company also intends to grant the underwriters a 30-day option to purchase up to $7.8 million of additional shares of common stock. The Company intends to use the net [...]
