Daily News: January 29, 2015

BOM Agents Westmoreland $75MM Term Loan Increase

Westmoreland Coal amended its term loan with the Bank of Montreal, as administrative agent, to increase Westmoreland’s term loan by $75 million, for an aggregate principal term loan amount of $425 million.

The amendments to the credit agreement were made in connection with Westmoreland’s recently completed acquisition of Buckingham Coal, and further provide that the additional $75 million term loan will be governed by the terms and conditions as the Credit Agreement.

Westmoreland Coal Company is the oldest independent coal company in the United States.