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OTCRIDER

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OTCRIDER

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Monday, 04/22/2019 4:32:09 PM

Monday, April 22, 2019 4:32:09 PM

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Mar 5, 2019...The bankruptcy comes as the coal industry struggles from power utilities and others reducing their reliance on it as a fuel.

The stock held by shareholders of the existing Westmoreland is being wiped out in the reorganization.

Westmoreland’s Chapter 11 reorganization leaves unpaid as much as $930 million in unsecured financial claims — including $334.5 million in retiree health benefits, pension payments of $41.7 million and $21.8 million in funding for treating miners’ Black Lung disease.

By Greg Avery
– Reporter, Denver Business Journal

Mar 5, 2019,
https://www.bizjournals.com/denver/news/2019/03/05/westmoreland-coal-co-sale-to-creditors.html
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