Insight

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

This report is currently unavailable

Further information

Contact us

Submit your details to receive further information about this report.

  • An error has occurred while getting captcha image

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

Table of contents

  • Event
  • Implications

Tables and charts

No table or charts specified

Questions about this report?

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