Insight

Walter Energy holds auction to sell mines but receives no competing bids...

From

$1,100.00

Get this report

From

$1,100.00

Get this report as part of a subscription

Enquire about Subscriptions

Already have subscription? Sign In

Further information

FAQs

Contact us

Report summary

Walter Energy held an auction 5 January 2016 in hopes of finding a bid exceeding the offer from its senior lenders. Last fall Walter entered an asset purchase agreement with a company formed by its senior lenders to acquire all of the Walter s US assets for $5.4 M cash a $1.25 billion credit bid and the assumption of some liabilities if a higher offer was not received. As no competitive bids were received this company called Coal Acquisitions is now likely to execute that purchase.

What's included

This report contains

  • Document

    Walter Energy holds auction to sell mines but receives no competing bids...

    PDF 238.15 KB

Questions about this report?

  • Europe:
    +44 131 243 4699
  • Americas:
    +1 713 470 1900
  • Asia Pacific:
    +61 2 8224 8898