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Prospect News home > News index > List of issuers W > Headlines for Westmoreland Coal Co. > News item
Published on 11/17/2014 in the Prospect News High Yield Daily.

Westmoreland Coal plans to issue at least $400 million notes

By Paul A. Harris

Portland, Ore., Nov. 17 – Westmoreland Coal Co. announced in a Monday press release that it plans to sell $400 million minimum of new notes to help fund the tender offer for $675,485,000 of its 10¾% senior secured notes due 2018.

The refinancing will also be partly funded with the proceeds from a new credit facility that is set to launch on Wednesday via lead arranger BMO Capital Markets Corp.

Westmoreland Coal is an Englewood, Colo.-based independent coal company.


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