0000106455-13-000019.txt : 20130327 0000106455-13-000019.hdr.sgml : 20130327 20130327171417 ACCESSION NUMBER: 0000106455-13-000019 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20130321 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20130327 DATE AS OF CHANGE: 20130327 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WESTMORELAND COAL Co CENTRAL INDEX KEY: 0000106455 STANDARD INDUSTRIAL CLASSIFICATION: BITUMINOUS COAL & LIGNITE SURFACE MINING [1221] IRS NUMBER: 231128670 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-11155 FILM NUMBER: 13720731 BUSINESS ADDRESS: STREET 1: 9540 SOUTH MAROON CIRCLE STREET 2: SUITE 200 CITY: ENGLEWOOD STATE: CO ZIP: 80112 BUSINESS PHONE: 303-922-6463 MAIL ADDRESS: STREET 1: 9540 SOUTH MAROON CIRCLE STREET 2: SUITE 200 CITY: ENGLEWOOD STATE: CO ZIP: 80112 FORMER COMPANY: FORMER CONFORMED NAME: WESTMORELAND COAL CO DATE OF NAME CHANGE: 19920703 8-K 1 f8k_032713i101.htm 8-K f8k_032713i101


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
_______________________

FORM 8-K
_______________________

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): March 21, 2013
_____________________________________

WESTMORELAND COAL COMPANY
(Exact Name of Registrant as Specified in Charter)

_____________________________________

Delaware
001-11155
23-1128670
(State or Other Jurisdiction
of Incorporation)
(Commission
File Number)
(I.R.S. Employer
Identification No.)

9540 South Maroon Circle,
Suite 200,
Englewood, CO
80112
(Address of Principal Executive Offices)
(Zip Code)

Registrant's telephone number, including area code: (855) 922-6463

_______________________________________________________
(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))







Item 1.01.     Entry into Material Definitive Agreement.

On March 21, 2013, Westmoreland Mining, LLC (the “Company”), a wholly-owned subsidiary of Westmoreland Coal Company, entered into the Second Amendment to Amended and Restated Credit Agreement (the “Credit Amendment”) by and among Company, the guarantors, each of the banks (named on the signature pages thereof), and PNC Bank, National Association, as agent for the banks. The Credit Amendment amends the Amended and Restated Credit Agreement to extend the termination date of the Credit Agreement to December 31, 2017. The Credit Agreement extends the Company's $25.0 million revolving credit facility, which includes a $15.0 million sub-limit for letters of credit.
  
The foregoing description of the Credit Agreement is qualified in its entirety by reference to the Credit Agreement, to be filed with the Company's March 31, 2013 Form 10-Q.

On March 27, 2013, the Company issued a press release announcing it had entered into the Credit Agreement. A copy of this press release is attached hereto as Exhibit 99.1.
 
Item 9.01. Financial Statements and Exhibits

     (d)     Exhibits
Exhibit No.
   
Description
 
 
 
99.1
 
Press Release dated March 27, 2013





SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 
WESTMORELAND COAL COMPANY
 
 
Date: March 27, 2013
By:  /s/ Kevin Paprzycki
 
Kevin Paprzycki
 
Chief Financial Officer and Treasurer






EXHIBIT INDEX

Exhibit No.
   
Description
 
 
 
99.1
 
Press Release dated March 27, 2013





 EX-99.1 2 exh99-1_032713.htm EXHIBIT 99.1 exh99-1_032713


Exhibit 99.1
WESTMORELAND COAL COMPANY
9540 South Maroon Circle, Suite 200
Englewood, Colorado 80112
(855) 922-6463 Telephone
NEWS RELEASE
Westmoreland Extends $25.0 Million Revolver

Englewood, CO - March 27, 2013 - 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.

# # #

Contact: Kevin Paprzycki (855) 922-6463


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