Westmoreland Extends $25.0 Million Revolver
Westmoreland Coal Company (NasdaqGM:WLB) today announced that
Westmoreland Mining, LLC ('WML?), its wholly owned subsidiary, has
successfully amended its Amended and Restated Credit Agreement dated
June 26, 2008 (the 'Credit Agreement?). The amendment modifies the
termination date of the Credit Agreement and extends the $25.0 million
revolver through December 31, 2017. All other provisions of the Credit
Agreement remain substantially unchanged.
'We have had a strong long-term partnership with PNC Bank, and are
gratified by their continued trust in our management team and our WML
operations,? said Kevin Paprzycki, Chief Financial Officer and
Treasurer. 'This extension represents an important source of committed
liquidity and financial flexibility for Westmoreland Coal.?
About Westmoreland Coal Company
Westmoreland Coal Company is the oldest independent coal company in the
United States. The Company′s coal operations include sub-bituminous coal
mining in the Powder River Basin in Montana and Wyoming, and lignite
mining operations in Montana, North Dakota and Texas. Its power
operations include ownership of the two-unit ROVA coal-fired power plant
in North Carolina. For more information, visit www.westmoreland.com.
Westmoreland Coal Company
Kevin Paprzycki, 855-922-6463