FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
Skip Navigation LinksHome / News / Read News


Bank of Montreal, Westomoreland Coal Increase Term Loan to $425MM

January 28, 2015, 07:23 AM
Filed Under: Metals and Mining

Westmoreland Coal Company announced it has amended its term loan credit agreement with the Bank of Montreal, as administrative agent, to increase Westmoreland’s term loan by $75 million, for an aggregate principal term loan amount of $425 million. The amendments to the credit agreement were made in connection with Westmoreland’s recently completed acquisition of Buckingham Coal Company, LLC and further provide that the additional $75 million term loan will be governed by the terms and conditions as the Credit Agreement.

Westmoreland Coal Company is the oldest independent coal company in the United States. Westmoreland’s coal operations include sub-bituminous and lignite coal mining in the Western United States and Canada, a char production facility, and a 50% interest in an activated carbon plant. Its power operations include ownership of the two-unit ROVA coal-fired power plant in North Carolina.

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.