Westmoreland Coal gets tenders for $1.02 million 10¾% notes in offer

By Susanna Moon

Chicago, June 3 - Westmoreland Coal Co. said investors had tendered $1,015,000 of its 10¾% senior secured notes due 2018, and the company accepted for purchase all of the tendered notes.

As previously announced, the company offered to purchase up to $22,125,000 principal amount of the notes because the note terms required the company to make the offer as a result of its financial results for the year ended Dec. 31.

The purchase price was par plus accrued interest up to 5 p.m. ET on June 3.

The offer began on May 7 and ended at 5 p.m. ET on May 29.

Westmoreland is a coal company based in Englewood, Colo.

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