Westmoreland Announces Resignation of Chief Financial Officer ENGLEWOOD, Colo., Dec. 12, 2018 (GLOBE NEWSWIRE) -- Westmoreland Coal Company (“Westmoreland”) (OTCMKTS: WLBAQ) announced today that Gary Kohn has informed Westmoreland that, for personal reasons, he is resigning from his position as chief financial officer effective January 4, 2019. “On behalf of the Westmoreland team, I want to thank Gary for his strong leadership throughout the restructuring process as well as his many contributions to Westmoreland during his tenure. We wish him all the best in his future endeavors,” said ...
Westmoreland Enters into Restructuring Support Agreement with Members of Ad Hoc Lending Group; WMLP Simultaneously Files Chapter 11 to Sell Assets Westmoreland Files Pre-Arranged Chapter 11 to Right-Size Capital Structure ENGLEWOOD, Colo., Oct. 09, 2018 (GLOBE NEWSWIRE) -- Westmoreland Coal Company (“Westmoreland” or “the Company”) (OTCMKTS: WLBA) announced today it has entered into a restructuring support agreement (“RSA”) with members of an ad hoc group of lenders (the “Ad Hoc Group”) that hold approximately 76.1% of the Company’s term loan, approximately 57.9% of its senior secured n...
Moody's Investors Service, ("Moody's") today downgraded the ratings of Westmoreland Coal Company (Westmoreland), including its corporate family rating (CFR) to Caa3 from Caa1, probability of default rating (PDR) to Caa3-PD from Caa1-PD, and the ratings on the senior secured credit facility a...
Moody's Investors Service, ("Moody's") today downgraded the ratings of Westmoreland Coal Company (Westmoreland), including its corporate family rating (CFR) to Caa3 from Caa1, probability of default rating (PDR) to Caa3-PD from Caa1-PD, and the ratings on the senior secured credit faci...
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