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Westmoreland Coal files for Chapter 11 bankruptcy

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10 October 2018

Westmoreland Coal files for Chapter 11 bankruptcy

Report summary

On 9 October 2018, Westmoreland Coal Company and its affiliate, Westmoreland Resource Partners, simultaneously filed for Chapter 11 bankruptcy. Westmoreland Coal Company, the oldest independent coal company in the US, also entered into a restructuring support agreement (RSA) with a group of lenders who currently hold the majority of the company’s outstanding debt. The companies stated that their business and mine operations should remain unchanged while their bankruptcy case proceeds.

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    Westmoreland Coal files for Chapter 11 bankruptcy

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