On March 15, 2019, Westmoreland Coal Company (“Westmoreland”) announced that it had emerged from a Chapter 11 as a privately held company owned and operated by a group of its former creditors. In the course of our engagement we have advised the Ad Hoc Group in connection with (i) the negotiation of a pre-filing USD110 million secured bridge loan facility, (ii) a post-filing DIP credit facility, and (iii) the negotiation and completion of a stalking horse purchase transaction, under which certain of our clients acquired the material mining operations of Westmoreland.
Fasken advised as Canadian counsel with a team led by Stuart Brotman, Jon Holmstrom, Sean Stevens, Huy Do , Ross Gascho, Katherine Pollock, Christopher Steeves
