LINES OF CREDIT AND DEBT

As of September 30, 2015, the Company and its subsidiaries are subject to the following debt arrangements:



	Total Debt Outstanding
	September 30, 2015			December 31, 2014
	(In thousands)
8.75% Notes due 2022	$	350,000		$	350,000
WCC Term Loan Facility due 2020	327,994			350,000
WMLP Term Loan Facility due 2018	297,414			175,000
Capital lease obligations	81,077			109,351
Revolving line of credit	—			9,576
Other	7,988			4,062
Debt discount	(11,519		)	(13,202		)
Total debt outstanding	1,052,954			984,787
Less current installments	(38,879		)	(52,712		)
Total debt outstanding, less current installments	$	1,014,075		$	932,075

The following table presents aggregate contractual debt maturities of all debt:



	As of September 30, 2015
	(In thousands)
2015	$	11,594
2016	39,451
2017	31,213
2018	308,458
2019	8,450
Thereafter	665,307
Total	1,064,473
Less: debt discount	(11,519		)
Total debt	$	1,052,954

8.75% Notes due 2022 (the "8.75% Notes")

The 8.75% Notes were issued by the Parent and are guaranteed by Westmoreland Energy LLC, Westmoreland Mining LLC and Westmoreland Resources, Inc. and their respective subsidiaries (other than Absaloka Coal, LLC, Westmoreland Risk Management, Inc. and certain other immaterial subsidiaries). The 8.75% Notes are not guaranteed by Westmoreland Canada LLC or any of its subsidiaries, nor are they guaranteed by Westmoreland Resources GP, LLC or Westmoreland Resource Partners, LP, referred to as the "Non-guarantors."

WCC Term Loan Facility due 2020 (the "WCC Term Loan Facility")

The WCC Term Loan Facility is a primary obligation of the Parent and is guaranteed by Westmoreland Energy LLC, Westmoreland Mining LLC, Westmoreland Resources, Inc. and certain other direct and indirect subsidiaries of the Company (other than Absaloka Coal, LLC, Westmoreland Risk Management, Inc., certain other immaterial subsidiaries, and the Non-guarantors).

On January 22, 2015, the Company amended the WCC Term Loan Facility to increase the borrowings by $75.0 million, for an aggregate principal amount of $425.0 million as of that date (the "Term Loan Facility Add-on"). The amendments to the WCC Term Loan Facility were made in connection with the Buckingham Acquisition and for working capital purposes. Net proceeds were $71.0 million after a 2.5% discount, 1.5% broker fee, a consent fee of 1.17%, and $0.1 million of additional debt issuance costs.

In conjunction with the Kemmerer Drop, the Company amended the WCC Term Loan Facility to remove Kemmerer as a guarantor. In addition, $94.1 million of the proceeds received from WMLP related to the Kemmerer Drop were used to pay down the WCC Term Loan Facility.

WMLP Term Loan Facility due 2018 (the "WMLP Term Loan Facility")

The WMLP Term Loan Facility is a primary obligation of Oxford Mining Company, LLC, a wholly owned subsidiary of WMLP, is guaranteed by WMLP and its subsidiaries, and is secured by substantially all of WMLP's and its subsidiaries' assets.

Revolving Line of Credit (the "Revolving Credit Facility")

Pursuant to a June 2, 2015 amendment to the Revolving Credit Facility, Westmoreland has a total aggregate borrowing capacity of $75.0 million between June 15th and August 15th of each year, with an aggregate borrowing capacity of $50.0 million outside of these periods. As of September 30, 2015, the Company had no borrowings under the Revolving Credit Facility and had outstanding letters of credit in the amount of $21.1 million.

During the nine months ended September 30, 2015, the Company entered into $15.0 million of new capital leases.