Westmoreland Coal repays, terminates revolver due December 2018

By Marisa Wong

Morgantown, W.Va., May 25 – Westmoreland Coal Co. repaid in full all of its outstanding obligations under its second amended and restated loan agreement dated Dec. 16, 2014 with CIBC Bank USA as administrative agent, according to an 8-K filing with the Securities and Exchange Commission.

Westmoreland repaid the revolver in connection with some financing transactions.

The loan agreement, set to mature on Dec. 31, 2018, was terminated on May 21.

The company paid an early termination fee of 0.5% of the aggregate maximum loan amount under the revolver.

The coal company is based in Englewood, Colo.

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