WMLP - Westmoreland Resource Partners, LP

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  • Moody's

    Westmoreland Coal Company -- Moody's downgrades Westmoreland's PDR to D-PD following bankruptcy filings

    Moody's Investors Service ("Moody's") downgraded Westmoreland Coal Company's ("Westmoreland") Probability of Default Rating (PDR) to D-PD from Caa3-PD. Moody's also downgraded the company's Corporate Family Rating (CFR) to C from Caa3 and all instrument ratings to C from Ca.

  • Westmoreland Coal's future hazy amid bankruptcy reorganization
    American City Business Journals

    Westmoreland Coal's future hazy amid bankruptcy reorganization

    Creditors of the nation's oldest independent coal producer will consider selling the Douglas County-based company's mines under a Chapter 11 reorganization filed Tuesday. Westmoreland Coal Co. reached a restructuring agreement as its U.S. business filed for bankruptcy protection to reorganize in the face of nearly $1.1 billion in debt, $416.8 million of it due before next summer. “After months of thoughtful and productive conversations with our creditors, we have developed a plan that allows Westmoreland to operate as usual while positioning Westmoreland for long-term success,” said Michael Hutchinson, the company's interim CEO, in a written statement.

  • Colorado coal co. files for $1.4B bankruptcy in Houston court
    American City Business Journals

    Colorado coal co. files for $1.4B bankruptcy in Houston court

    The company has reached a restructuring agreement in which a group of lenders will bid for substantially all of Westmoreland’s business assets.