Walter Energy (WLTGQ) 0.0399 $WLTGQ
Walter Energy Canada Holdings, Inc.'s Canadian Assets Sold to Conuma Coal Resources Limited
Marketwire Canada - Fri Sep 09, 4:00PM CDT
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sep 9, 2016) - Walter Energy Canada Holdings, Inc. ("Walter Energy Canada" or "the Company"
, today announced that the court approved sale of its Canadian assets to Conuma Coal Resources Limited ("Conuma", a member of the ERP Group of Companies, has closed. Conuma intends to resume mining operations at the Brule Mine in the near future and may resume other mining operations in the area in 2017.
Walter Energy to Sell Remaining U.S. Assets to Seminole Coal Resources
PR Newswire - Mon Feb 01, 8:56AM CST
Walter Energy, Inc. (OTC Pink: WLTG) ("Walter Energy" or the "Company" today announced that it has signed an asset purchase agreement with Seminole Coal Resources, LLC, ERP Compliant Coke, LLC and ERP Environmental Fund, Inc. ("Seminole" all related to ERP Compliant Fuels, LLC ("ERP", an affiliate of Virginia Conservation Legacy Fund, Inc. ("VCLF", for its remaining U.S. assets.
Dominion Resources Black Warrior Trust Termination Update
PR Newswire - Wed Jan 27, 6:30AM CST
As previously announced, Southwest Bank, the trustee of the Dominion Resources Black Warrior Trust (the "Trust", was informed by Walter Energy, Inc., the parent of Walter Black Warrior Basin LLC (the "Company", that it, together with certain of its subsidiaries and affiliates, including the Company ("Debtors" filed a petition for relief under Chapter 11 of the U.S. Bankruptcy Code (the "Bankruptcy Code" with the United States District Court for the Northern District of Alabama Southern Division (the "Bankruptcy Court" on July 15, 2015 and that it has an agreement with lenders regarding a pre-negotiated restructuring plan. There have been several rulings related to the bankruptcy proceedings as disclosed by the Trust in Current Reports on Form 8-K filed with the Securities and Exchange Commission (the "SEC" on each of August 19, 2015, September 16, 2015, November 20, 2015 and December 31, 2015.
DOM: 0.32 (unch)
Walter Energy Canada Holdings, Inc. Commences Sale and Investment Solicitation Process
Marketwired - Fri Jan 15, 7:21AM CST
Walter Energy Canada Holdings, Inc. ("Walter Energy Canada" or "the Company", today announced that it has received approval from the Supreme Court of British Columbia to commence a sale and investment solicitation process for the Company's assets (the "SISP" and to engage PJT Partners LP ("PJT" as Walter Energy Canada's financial advisor.
Dominion Resources Black Warrior Trust Releases Updated Information On Walter Energy, Inc. Bankruptcy Proceedings
PR Newswire - Wed Dec 30, 4:30PM CST
As previously announced, Southwest Bank, the trustee of the Dominion Resources Black Warrior Trust (NYSE: DOM) (the "Trust" was informed by Walter Energy, Inc., the parent of Walter Black Warrior Basin LLC (the "Company", that it, together with certain of its subsidiaries and affiliates, including the Company ("Debtors" filed a petition for relief under Chapter 11 of the U.S. Bankruptcy Code (the "Bankruptcy Code" with the United States District Court for the Northern District of Alabama Southern Division (the "Bankruptcy Court" on July 15, 2015 and that it has an agreement with lenders regarding a pre-negotiated restructuring plan. There have been several rulings related to the bankruptcy proceedings as disclosed by the Trust in Current Reports on Form 8-K filed with the Securities and Exchange Commission on each of August 19, 2015, September 16, 2015 and November 20, 2015.
DOM: 0.32 (unch)
The Law Firms of Robbins Geller Rudman & Dowd LLP and Kessler Topaz Meltzer & Check, LLP Announce Proposed Settlement of Walter Energy, Inc. Securities Litigation
PR Newswire - Wed Dec 23, 6:59AM CST
UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF ALABAMA SOUTHERN DIVISION
Dominion Resources Black Warrior Trust Announces No Distribution for Third Quarter Production
PR Newswire - Thu Nov 19, 3:01PM CST
Dominion Resources Black Warrior Trust (NYSE: DOM), ("Dominion" announced today that it had not received any proceeds from Walter Energy, Inc. as of November 13, 2015, the scheduled date of distribution to the Trust. Therefore, there will be no distribution to unitholders of record as of November 30, 2015.
DOM: 0.32 (unch)
Fitch: U.S. CLOs Feeling Effects of Commodities Fallout
BusinessWire - Mon Nov 09, 4:42PM CST
The ongoing struggles in the commodities sectors are showing their adverse effects on U.S. CLO performance, according to Fitch Ratings in its latest U.S. CLO index.
Walter Energy Enters Into Asset Purchase Agreement with Company Formed by its Senior Lender Group
PR Newswire - Thu Nov 05, 2:48PM CST
Walter Energy, Inc. (OTC Pink: WLTG) ("Walter Energy" or the "Company" today announced that it has entered into an asset purchase agreement (the "APA" with a newly formed entity capitalized and owned by members of the Company's senior lender group, pursuant to which the new company will acquire substantially all of Walter Energy's Alabama assets.
Dominion Resources Black Warrior Trust Announces Further Updated Information on Walter Energy, Inc. Bankruptcy Proceedings
PR Newswire - Wed Sep 16, 11:30AM CDT
As previously announced, Southwest Bank, the trustee of the Dominion Resources Black Warrior Trust (the "Trust" was informed by Walter Energy, Inc., the parent of Walter Black Warrior Basin LLC (the "Company", stating that it, together with certain of its subsidiaries and affiliates, including the Company ("Debtors" filed a petition for relief under Chapter 11 of the U.S. Bankruptcy Code with the United States District Court for the Northern District of Alabama Southern Division on July 15, 2015 and that it has an agreement with lenders regarding a pre-negotiated restructuring plan. In the letter, Walter Energy, Inc. advised the Trust that it is not permitted to pay obligations that arose prior to July 15, 2015, including royalty payments. Specifically, the Trustee was informed by Walter Energy, Inc. that it will not be paying the distribution to the Trust, which would normally be paid by August 14, and normally would include royalty payments for the production months of April, May and June 2015, as well as the portion of any future quarterly distributions relating to production attributable to periods prior to July 15, 2015. The Trustee has received no assurances regarding the status of distributions relating to production for periods after July 15, 2015.
DOM: 0.32 (unch)
Fitch: Commodity Prices Lift Metals/Mining, Energy Leveraged Loan Default Rates
BusinessWire - Fri Aug 28, 9:21AM CDT
Seventy-seven percent of leveraged loan default volume since the beginning of March 2015 came from metals/mining and energy companies as weak commodity prices have burdened the sector, according to Fitch Ratings.
Dominion Resources Black Warrior Trust Announces Updated Information on Walter Energy, Inc. Bankruptcy Proceedings
PR Newswire - Wed Aug 19, 2:13PM CDT
As previously announced, Southwest Bank, the trustee of the Dominion Resources Black Warrior Trust (the "Trust" was informed by Walter Energy, Inc., the parent of Walter Black Warrior Basin LLC (the "Company", stating that it, together with certain of its subsidiaries and affiliates, including the Company ("Debtors" filed a petition for relief under Chapter 11 of the U.S. Bankruptcy Code with the United States District Court for the Northern District of Alabama Southern Division on July 15, 2015 and that it has an agreement with lenders regarding a pre-negotiated restructuring plan. In the letter, Walter Energy, Inc. advised the Trust that it is not permitted to pay obligations that arose prior to July 15, 2015, including royalty payments. Specifically, the Trustee was informed by Walter Energy, Inc. that it will not be paying the distribution to the Trust, which would normally be paid by August 14, and normally would include royalty payments for the production months of April, May and June 2015, as well as the portion of any future quarterly distributions relating to production attributable to periods prior to July 15, 2015. The Trustee has received no assurances regarding the status of distributions relating to production for periods after July 15, 2015. On the date the bankruptcy hearing was filed - in a series of "first day motions" - the Debtors filed motions relating to use of their cash collateral and cash management, which provide that Debtors' cash and certain other property constitute collateral of the Debtors' lenders subject to protective liens and permit use of a "zero balance" cash management system where receipts from operations including Debtors' gas operations could be swept into certain concentration or disbursement accounts. The motions do not separately segregate or provide separate treatment for production proceeds relating to the Trust's overriding royalty interests. The Trustee filed motions asking the court to reconsider and amend the Debtors' cash management order and has objected to the cash collateral motion seeking segregation of production proceeds relating to the Trust's overriding royalty interests and judicial confirmation that such proceeds are not property of the Debtor's bankruptcy estate.
DOM: 0.32 (unch)
Union rallies outside Patriot Coal over pension benefits
By JONATHAN MATTISE - AP - Mon Aug 17, 7:41PM CDT
SCOTT DEPOT, W.Va. (AP) — Busloads of United Mine Workers of America miners and retirees roared in protest outside Patriot Coal headquarters Monday, as the bankrupt company looks to nix a union contract that includes pension contributions and health benefits.
Alpha is latest coal producer to seek bankruptcy protection
By MICHELLE CHAPMAN - AP - Mon Aug 03, 1:08PM CDT
NEW YORK (AP) — Alpha Natural Resources Inc., one of the country's biggest coal producers, became the latest in a string of coal companies to seek bankruptcy protection amid an historic shift in the electric power sector brought on by cheap natural gas and stricter pollution regulations.
Mueller Water Products Reports 2015 Third Quarter Results
GlobeNewswire - Thu Jul 30, 5:08PM CDT
Mueller Water Products, Inc. (NYSE:MWA) announced today that for its fiscal third quarter ended June 30, 2015, net sales were $301.0 million, compared with $318.5 million in the prior year period. Operating income was $31.5 million compared with $41.8 million in the prior year period, and adjusted operating income was $43.3 million compared with $42.0 million in the prior year period. Net income was $16.5 million, or $0.10 per diluted share, compared with $18.5 million, or $0.11 per diluted share, in the prior year period. Adjusted net income per diluted share increased to $0.15 from $0.11 in the prior year period. Net income per diluted share was adversely effected by $0.05 due primarily to an $11.6 million non-cash write-down of a tax-related receivable from Walter Energy, Inc. Adjusted EBITDA increased to $57.8 million from $56.0 million in the prior year period.
MWA: 12.39 (-0.05)
Dominion Resources Black Warrior Trust Announces Notification by Walter Energy of Chapter 11 Bankruptcy Filing
PR Newswire - Tue Jul 28, 11:20AM CDT
Dominion Resources Black Warrior Trust (NYSE: DOM), ("Dominion" announced today that it received a letter from Walter Energy, Inc. stating that it filed a petition for relief under Chapter 11 of the U.S. Bankruptcy Code on July 15, 2015 and that is has an agreement with lenders regarding a pre-negotiated restructuring plan. In the letter, Walter advised the Trust that it is not permitted to pay obligations that arose prior to July 15, 2015, ("pre-petition obligations" including royalty payments. Specifically, the Trustee was informed by Walter Energy, Inc. that it will not be paying the distribution to the Trust, which would normally be paid by August 14, and normally would include royalty payments for the production months of April, May and June 2015, as well as the portion of any future quarterly distributions relating to production attributable to periods prior to July 15, 2015.
DOM: 0.32 (unch)
Fitch: Energy, Metals/Mining Defaults Hit Leveraged Loans
BusinessWire - Tue Jul 28, 11:04AM CDT
The institutional leveraged loan market saw 11 defaults in 1H15, with five attributed to the energy and metals/mining sectors, according to Fitch Ratings. Walter Energy's filing and a potential August bankruptcy by Alpha Natural Resources would add two to the tally and $1.6 billion of additional volume before the end of the summer.
Walter Energy Canada Holdings, Inc.'s Canadian Assets Sold to Conuma Coal Resources Limited
Marketwire Canada - Fri Sep 09, 4:00PM CDT
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sep 9, 2016) - Walter Energy Canada Holdings, Inc. ("Walter Energy Canada" or "the Company"
, today announced that the court approved sale of its Canadian assets to Conuma Coal Resources Limited ("Conuma", a member of the ERP Group of Companies, has closed. Conuma intends to resume mining operations at the Brule Mine in the near future and may resume other mining operations in the area in 2017. Walter Energy to Sell Remaining U.S. Assets to Seminole Coal Resources
PR Newswire - Mon Feb 01, 8:56AM CST
Walter Energy, Inc. (OTC Pink: WLTG) ("Walter Energy" or the "Company"
today announced that it has signed an asset purchase agreement with Seminole Coal Resources, LLC, ERP Compliant Coke, LLC and ERP Environmental Fund, Inc. ("Seminole" all related to ERP Compliant Fuels, LLC ("ERP", an affiliate of Virginia Conservation Legacy Fund, Inc. ("VCLF", for its remaining U.S. assets. Dominion Resources Black Warrior Trust Termination Update
PR Newswire - Wed Jan 27, 6:30AM CST
As previously announced, Southwest Bank, the trustee of the Dominion Resources Black Warrior Trust (the "Trust"
, was informed by Walter Energy, Inc., the parent of Walter Black Warrior Basin LLC (the "Company", that it, together with certain of its subsidiaries and affiliates, including the Company ("Debtors" filed a petition for relief under Chapter 11 of the U.S. Bankruptcy Code (the "Bankruptcy Code" with the United States District Court for the Northern District of Alabama Southern Division (the "Bankruptcy Court" on July 15, 2015 and that it has an agreement with lenders regarding a pre-negotiated restructuring plan. There have been several rulings related to the bankruptcy proceedings as disclosed by the Trust in Current Reports on Form 8-K filed with the Securities and Exchange Commission (the "SEC" on each of August 19, 2015, September 16, 2015, November 20, 2015 and December 31, 2015. DOM: 0.32 (unch)
Walter Energy Canada Holdings, Inc. Commences Sale and Investment Solicitation Process
Marketwired - Fri Jan 15, 7:21AM CST
Walter Energy Canada Holdings, Inc. ("Walter Energy Canada" or "the Company"
, today announced that it has received approval from the Supreme Court of British Columbia to commence a sale and investment solicitation process for the Company's assets (the "SISP" and to engage PJT Partners LP ("PJT" as Walter Energy Canada's financial advisor. Dominion Resources Black Warrior Trust Releases Updated Information On Walter Energy, Inc. Bankruptcy Proceedings
PR Newswire - Wed Dec 30, 4:30PM CST
As previously announced, Southwest Bank, the trustee of the Dominion Resources Black Warrior Trust (NYSE: DOM) (the "Trust"
was informed by Walter Energy, Inc., the parent of Walter Black Warrior Basin LLC (the "Company", that it, together with certain of its subsidiaries and affiliates, including the Company ("Debtors" filed a petition for relief under Chapter 11 of the U.S. Bankruptcy Code (the "Bankruptcy Code" with the United States District Court for the Northern District of Alabama Southern Division (the "Bankruptcy Court" on July 15, 2015 and that it has an agreement with lenders regarding a pre-negotiated restructuring plan. There have been several rulings related to the bankruptcy proceedings as disclosed by the Trust in Current Reports on Form 8-K filed with the Securities and Exchange Commission on each of August 19, 2015, September 16, 2015 and November 20, 2015. DOM: 0.32 (unch)
The Law Firms of Robbins Geller Rudman & Dowd LLP and Kessler Topaz Meltzer & Check, LLP Announce Proposed Settlement of Walter Energy, Inc. Securities Litigation
PR Newswire - Wed Dec 23, 6:59AM CST
UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF ALABAMA SOUTHERN DIVISION
Dominion Resources Black Warrior Trust Announces No Distribution for Third Quarter Production
PR Newswire - Thu Nov 19, 3:01PM CST
Dominion Resources Black Warrior Trust (NYSE: DOM), ("Dominion"
announced today that it had not received any proceeds from Walter Energy, Inc. as of November 13, 2015, the scheduled date of distribution to the Trust. Therefore, there will be no distribution to unitholders of record as of November 30, 2015. DOM: 0.32 (unch)
Fitch: U.S. CLOs Feeling Effects of Commodities Fallout
BusinessWire - Mon Nov 09, 4:42PM CST
The ongoing struggles in the commodities sectors are showing their adverse effects on U.S. CLO performance, according to Fitch Ratings in its latest U.S. CLO index.
Walter Energy Enters Into Asset Purchase Agreement with Company Formed by its Senior Lender Group
PR Newswire - Thu Nov 05, 2:48PM CST
Walter Energy, Inc. (OTC Pink: WLTG) ("Walter Energy" or the "Company"
today announced that it has entered into an asset purchase agreement (the "APA" with a newly formed entity capitalized and owned by members of the Company's senior lender group, pursuant to which the new company will acquire substantially all of Walter Energy's Alabama assets. Dominion Resources Black Warrior Trust Announces Further Updated Information on Walter Energy, Inc. Bankruptcy Proceedings
PR Newswire - Wed Sep 16, 11:30AM CDT
As previously announced, Southwest Bank, the trustee of the Dominion Resources Black Warrior Trust (the "Trust"
was informed by Walter Energy, Inc., the parent of Walter Black Warrior Basin LLC (the "Company", stating that it, together with certain of its subsidiaries and affiliates, including the Company ("Debtors" filed a petition for relief under Chapter 11 of the U.S. Bankruptcy Code with the United States District Court for the Northern District of Alabama Southern Division on July 15, 2015 and that it has an agreement with lenders regarding a pre-negotiated restructuring plan. In the letter, Walter Energy, Inc. advised the Trust that it is not permitted to pay obligations that arose prior to July 15, 2015, including royalty payments. Specifically, the Trustee was informed by Walter Energy, Inc. that it will not be paying the distribution to the Trust, which would normally be paid by August 14, and normally would include royalty payments for the production months of April, May and June 2015, as well as the portion of any future quarterly distributions relating to production attributable to periods prior to July 15, 2015. The Trustee has received no assurances regarding the status of distributions relating to production for periods after July 15, 2015. DOM: 0.32 (unch)
Fitch: Commodity Prices Lift Metals/Mining, Energy Leveraged Loan Default Rates
BusinessWire - Fri Aug 28, 9:21AM CDT
Seventy-seven percent of leveraged loan default volume since the beginning of March 2015 came from metals/mining and energy companies as weak commodity prices have burdened the sector, according to Fitch Ratings.
Dominion Resources Black Warrior Trust Announces Updated Information on Walter Energy, Inc. Bankruptcy Proceedings
PR Newswire - Wed Aug 19, 2:13PM CDT
As previously announced, Southwest Bank, the trustee of the Dominion Resources Black Warrior Trust (the "Trust"
was informed by Walter Energy, Inc., the parent of Walter Black Warrior Basin LLC (the "Company", stating that it, together with certain of its subsidiaries and affiliates, including the Company ("Debtors" filed a petition for relief under Chapter 11 of the U.S. Bankruptcy Code with the United States District Court for the Northern District of Alabama Southern Division on July 15, 2015 and that it has an agreement with lenders regarding a pre-negotiated restructuring plan. In the letter, Walter Energy, Inc. advised the Trust that it is not permitted to pay obligations that arose prior to July 15, 2015, including royalty payments. Specifically, the Trustee was informed by Walter Energy, Inc. that it will not be paying the distribution to the Trust, which would normally be paid by August 14, and normally would include royalty payments for the production months of April, May and June 2015, as well as the portion of any future quarterly distributions relating to production attributable to periods prior to July 15, 2015. The Trustee has received no assurances regarding the status of distributions relating to production for periods after July 15, 2015. On the date the bankruptcy hearing was filed - in a series of "first day motions" - the Debtors filed motions relating to use of their cash collateral and cash management, which provide that Debtors' cash and certain other property constitute collateral of the Debtors' lenders subject to protective liens and permit use of a "zero balance" cash management system where receipts from operations including Debtors' gas operations could be swept into certain concentration or disbursement accounts. The motions do not separately segregate or provide separate treatment for production proceeds relating to the Trust's overriding royalty interests. The Trustee filed motions asking the court to reconsider and amend the Debtors' cash management order and has objected to the cash collateral motion seeking segregation of production proceeds relating to the Trust's overriding royalty interests and judicial confirmation that such proceeds are not property of the Debtor's bankruptcy estate. DOM: 0.32 (unch)
Union rallies outside Patriot Coal over pension benefits
By JONATHAN MATTISE - AP - Mon Aug 17, 7:41PM CDT
SCOTT DEPOT, W.Va. (AP) — Busloads of United Mine Workers of America miners and retirees roared in protest outside Patriot Coal headquarters Monday, as the bankrupt company looks to nix a union contract that includes pension contributions and health benefits.
Alpha is latest coal producer to seek bankruptcy protection
By MICHELLE CHAPMAN - AP - Mon Aug 03, 1:08PM CDT
NEW YORK (AP) — Alpha Natural Resources Inc., one of the country's biggest coal producers, became the latest in a string of coal companies to seek bankruptcy protection amid an historic shift in the electric power sector brought on by cheap natural gas and stricter pollution regulations.
Mueller Water Products Reports 2015 Third Quarter Results
GlobeNewswire - Thu Jul 30, 5:08PM CDT
Mueller Water Products, Inc. (NYSE:MWA) announced today that for its fiscal third quarter ended June 30, 2015, net sales were $301.0 million, compared with $318.5 million in the prior year period. Operating income was $31.5 million compared with $41.8 million in the prior year period, and adjusted operating income was $43.3 million compared with $42.0 million in the prior year period. Net income was $16.5 million, or $0.10 per diluted share, compared with $18.5 million, or $0.11 per diluted share, in the prior year period. Adjusted net income per diluted share increased to $0.15 from $0.11 in the prior year period. Net income per diluted share was adversely effected by $0.05 due primarily to an $11.6 million non-cash write-down of a tax-related receivable from Walter Energy, Inc. Adjusted EBITDA increased to $57.8 million from $56.0 million in the prior year period.
MWA: 12.39 (-0.05)
Dominion Resources Black Warrior Trust Announces Notification by Walter Energy of Chapter 11 Bankruptcy Filing
PR Newswire - Tue Jul 28, 11:20AM CDT
Dominion Resources Black Warrior Trust (NYSE: DOM), ("Dominion"
announced today that it received a letter from Walter Energy, Inc. stating that it filed a petition for relief under Chapter 11 of the U.S. Bankruptcy Code on July 15, 2015 and that is has an agreement with lenders regarding a pre-negotiated restructuring plan. In the letter, Walter advised the Trust that it is not permitted to pay obligations that arose prior to July 15, 2015, ("pre-petition obligations" including royalty payments. Specifically, the Trustee was informed by Walter Energy, Inc. that it will not be paying the distribution to the Trust, which would normally be paid by August 14, and normally would include royalty payments for the production months of April, May and June 2015, as well as the portion of any future quarterly distributions relating to production attributable to periods prior to July 15, 2015. DOM: 0.32 (unch)
Fitch: Energy, Metals/Mining Defaults Hit Leveraged Loans
BusinessWire - Tue Jul 28, 11:04AM CDT
The institutional leveraged loan market saw 11 defaults in 1H15, with five attributed to the energy and metals/mining sectors, according to Fitch Ratings. Walter Energy's filing and a potential August bankruptcy by Alpha Natural Resources would add two to the tally and $1.6 billion of additional volume before the end of the summer.
