BIRMINGHAM, AL--(Marketwired - Sep 19, 2013) - Walter Energy Inc. ("Walter Energy") (NYSE: WLT) (TSX: WLT) today announced that it has increased the size of its previously announced offering of $350 million aggregate principal amount of senior secured notes due 2019 to $450 million with a coupon of 9.500% per annum (the "Notes"). Walter Energy will [...]
BIRMINGHAM, AL--(Marketwired - Sep 19, 2013) - Walter Energy Inc. ("Walter Energy") (NYSE: WLT) (TSX: WLT) today announced that it has commenced a private offering of $350 million aggregate principal amount of senior secured notes due 2019 (the "Notes"). The Notes will be guaranteed by each of Walter Energy's current and future wholly-owned [...]
SUGAR LAND, TX--(Marketwired - Sep 4, 2013) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Industrial projects with a combined total investment value of more than $10.9 billion are on the books to kick off in the U.S. Southeast market region in the second half of 2013. The region includes the states of Mississippi, Alabama [...]
Achieved Revenues of $441 Million on 2.4 Million Metric Tons of Met Coal Sales Increased Met Coal Production Volumes 9.2% and Reduced Met Coal Cash Cost of Production per Metric Ton 23.3% Compared to Second Quarter 2012 Company Implementing Further Reductions in Capital Expenditures and SG&A Expenses BIRMINGHAM, AL--(Marketwired - Aug 1, 2013 [...]
Second Quarter 2013 Earnings Release and Conference Call Scheduled for August 1 BIRMINGHAM, AL--(Marketwired - Jul 23, 2013) - Walter Energy Inc. (NYSE: WLT) (TSX: WLT), a leading, publicly traded "pure-play" producer of metallurgical coal for the global steel industry, today provided preliminary operating results for the second quarter 2013. "We [...]
BIRMINGHAM, AL--(Marketwired - Jul 23, 2013) - Walter Energy Inc. (NYSE: WLT) (TSX: WLT), a leading, publicly traded "pure-play" producer of metallurgical coal for the global steel industry, today announced its credit facility has been amended to improve the Company's financial flexibility. Additional details regarding the amendment are available [...]
Walter Energy today said that it will not proceed at this time with a refinancing of a portion of its existing debt. The Company had said in a Current Report on Form 8-K dated June 5, 2013, that it had begun exploring options to refinance a portion of its existing debt and that the refinancing transactions could include borrowings under a new [...]
Walter Energy today announced results for the first quarter ended March 31, 2013. Revenues were $491 million in the first quarter of 2013, an increase of 3% from the fourth quarter of 2012. Revenues declined from $632 million in the first quarter of 2012, due to industry-wide lower metallurgical coal prices. The Company reported a net loss of $49.4 [...]
Walter Energy, a leading, publicly traded "pure-play" producer of metallurgical coal for the global steel industry, today announced that its Board of Directors has declared a regular quarterly dividend of $0.125 per common share payable on June 7, 2013, to shareholders of record as of the close of business on May 10, 2013.
Walter Energy announced today that preliminary results provided by the Company’s proxy solicitor indicate that shareholders have elected all of the Company’s nominees to the Board of Directors at the Company’s annual meeting by a wide margin and have rejected all five of Audley Capital’s nominees. Walter Energy Chairman Michael T. Tokarz and CEO [...]
Audley Capital Advisors LLP today issued the following statement in response to the apparent outcome of the election of directors to Walter Energy Board of Directors at the April 25, 2013 Annual Meeting of Stockholders. Julian Treger, Managing Partner of Audley Capital Advisors, commented, "When we began our efforts, we found in Walter Energy a [...]
Walter Energy, Inc. (NYSE: WLT) (TSX: WLT) today announced that in conjunction with the release of its first quarter 2013 earnings results after the market closes on Wednesday, May 1, 2013, it will conduct a conference call with institutional investors and analysts to be ...
