In the news release, Walter Energy Announces Closing of Sale of Alabama Assets to Warrior Met Coal, issued April 1, 2016 by Walter Energy Inc. over PR Newswire, we are advised by the company that the release has been updated with additional information. The complete, corrected release follows: Walter Energy Announces Closing of Sale of Alabama [...]
Walter Energy, Inc. today announced the close of the previously-announced sale of substantially all of its core assets, comprising its Alabama coal assets, to Warrior Met Coal, LLC, an entity owned by the Company's first lien creditors. On January 8, 2016, the Bankruptcy Court for the Northern District of Alabama entered an order approving the sale [...]
Walter Energy Inc. today closed the previously-announced sale of certain U.S. non-core assets to Seminole Coal Resources, LLC, ERP Compliant Coke, LLC and ERP Environmental Fund, Inc. all affiliates of ERP Compliant Fuels, LLC and Virginia Conservation Legacy Fund, Inc. Under the terms of the agreement, Seminole has acquired Walter Energy's assets [...]
Walter Energy Inc. today announced that it has signed an asset purchase agreement with Seminole Coal Resources, LLC, ERP Compliant Coke, LLC and ERP Environmental Fund, Inc. all related to ERP Compliant Fuels, LLC, an affiliate of Virginia Conservation Legacy Fund, Inc., for its remaining U.S. assets. The agreement provides for the acquisition of [...]
Walter Energy Inc today announced that its wholly-owned subsidiary Walter Energy Canada Holdings, the holding company for the Company's Canadian operations and Canadian subsidiaries, has obtained creditor protection under the Companies' Creditors Arrangement Act (Canada) pursuant to an Initial Order granted on December 7, 2015 by the Supreme Court [...]
BIRMINGHAM, Ala., Nov. 5, 2015 /PRNewswire/ -- Walter Energy, Inc. (OTC Pink: WLTG) ("Walter Energy" or the "Company") today announced that it has entered into an asset purchase agreement (the "APA") with a newly formed entity capitalized and owned by members of the Company's senior lender group, pursuant to which the new company will acquire [...]
BIRMINGHAM, AL--(Marketwired - Jul 15, 2015) - Walter Energy Inc. (OTC PINK: WLTG) ("Walter Energy" or the "Company") today announced that it has entered into an agreement with certain of its senior lenders on the material terms of a restructuring. To implement this pre-negotiated restructuring, Walter Energy and its U.S. subsidiaries have filed [...]
BIRMINGHAM, AL--(Marketwired - Jul 8, 2015) - Walter Energy Inc. (NYSE: WLT) ("Walter Energy" or the "Company") today announced that NYSE Regulation, Inc. has determined to commence proceedings to delist the Company's common stock from the New York Stock Exchange ("NYSE"), and that trading in the Company's common stock has been suspended, effective [...]
BIRMINGHAM, AL--(Marketwired - Jun 11, 2015) - Walter Energy Inc. (NYSE: WLT), a leading, publicly traded "pure-play" producer of metallurgical ("met") coal for the global steel industry, today announced that it will exercise the 30-day grace period under its indenture agreement with holders of its 9.875% Senior Notes due in 2020, extending the [...]
BIRMINGHAM, AL--(Marketwired - May 7, 2015) - Walter Energy Inc. (NYSE: WLT), a leading, publicly traded "pure-play" producer of metallurgical ("met") coal for the global steel industry, today announced that on May 15 it will be making interest payments under its indenture agreements with holders of its 9.5% Senior Secured Notes due in 2019 and the [...]
BIRMINGHAM, AL--(Marketwired - Apr 15, 2015) - Walter Energy Inc. (NYSE: WLT), a leading, publicly traded "pure-play" producer of metallurgical ("met") coal for the global steel industry, today said that it is working with its debtholders to establish a capital structure that will position the Company to weather a highly competitive and challenging [...]
BIRMINGHAM, AL--(Marketwired - Mar 5, 2015) - Walter Energy Inc. (NYSE: WLT), a leading, publicly traded "pure-play" producer of metallurgical coal for the global steel industry, announced today that the Company has been notified by the New York Stock Exchange that its common stock does not presently satisfy one of the NYSE's continued listing [...]
