Key Developments: Walter Energy Inc (WLT)
17.98USD
17 May 2013
$-0.43 (-2.34%)
$18.41
$18.64
$19.00
$17.97
5,441,406
5,003,602
$53.98
$16.08
Latest Key Developments (Source: Significant Developments)
Walter Energy Inc Issues FY 2013 Production Guidance-Conference Call
Walter Energy Inc announced that for fiscal 2013, it expects total met coal production to be around 11 million tons for the year. Full Article
Walter Energy Inc Declares Quarterly Dividend
Walter Energy Inc announced that its Board of Directors has declared a regular quarterly dividend of $0.125 per common share payable on June 7, 2013, to shareholders of record as of the close of business on May 10, 2013. Full Article
Walter Energy Inc Announces Closing of $450 Million Senior Notes Offering
Walter Energy Inc announced the closing of its previously announced private offering of $450 million aggregate principal amount of its 8.500% senior notes due 2021 (the Notes). The Notes will be guaranteed by each of Walter Energy`s current and future direct and indirect wholly-owned domestic restricted subsidiaries that from time to time guarantees any of Walter Energy`s indebtedness or any indebtedness of any of Walter Energy`s restricted subsidiaries. The Notes and related guarantees were offered only to qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the Securities Act), and to non-U.S. persons in transactions outside the United States in reliance on Regulation S under the Securities Act. The Notes have not been registered under the Securities Act, and, unless so registered, may not be offered or sold in the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and other applicable securities laws. Walter Energy plans to use the net proceeds of the offering to repay $250 million of indebtedness outstanding under its credit facilities and the remainder for general corporate purposes. Full Article
Walter Energy Inc Prices $450 Million Private Offering of Senior Notes
Walter Energy Inc announced that it has increased the size of its previously announced offering of $350 million aggregate principal amount of senior notes due 2021 to $450 million with a coupon of 8.500% per annum (the "Notes"). Walter Energy will pay interest on the Notes on April 15 and October 15 of each year, beginning on October 15, 2013. The Notes will be guaranteed by each of Walter Energy's current and future direct and indirect wholly-owned domestic restricted subsidiaries that from time to time guarantees any of Walter Energy's indebtedness or any indebtedness of any of Walter Energy's restricted subsidiaries. Walter Energy plans to use the net proceeds of the offering to repay $250 million of indebtedness outstanding under its credit facilities and the remainder for general corporate purposes. Full Article
Walter Energy Inc Commences $350 Million Private Offering Of Senior Notes
Walter Energy Inc announced that it has commenced a private offering of $350 million aggregate principal amount of senior notes due 2021 (the Notes). The Notes will be guaranteed by each of Walter Energy's current and future direct and indirect wholly-owned domestic restricted subsidiaries that from time to time guarantees any of Walter Energy's indebtedness or any indebtedness of any of Walter Energy's restricted subsidiaries. Walter Energy plans to use the net proceeds of the offering to repay $250 million of indebtedness outstanding under its credit facilities and the remainder for general corporate purposes. Full Article
Walter Energy Inc Issues FY 2013 Production Guidance-Conference Call
Walter Energy Inc announced that for fiscal 2013, it expects production of met coal to be in the same range targeted in fiscal 2012. Specifically the Company is targeting fiscal 2013 production of 11.5 million to 13 million metric tons. Full Article
Walter Energy Inc Declares Quarterly Dividend
Walter Energy Inc announced that Board of Directors has declared a regular quarterly dividend of $0.125 per common share payable on March 12, 2013, to shareholders of record as of the close of business on February 20, 2013. Full Article
Walter Energy Inc Announces Closing Of $500 Million Senior Notes Offering
Walter Energy Inc announced that the closing of its previously announced private offering of $500.0 million aggregate principal amount of its 9.875% senior notes due 2020 (the "Notes"). The Notes will be guaranteed by each of Walter Energy's current and future wholly-owned domestic restricted subsidiaries that from time to time guarantees any of Walter Energy's indebtedness or any indebtedness of any of Walter Energy's restricted subsidiaries. The Notes and related guarantees were offered only to qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the Securities Act), and to non-U.S. persons in transactions outside the United States in reliance on Regulation S under the Securities Act. The Notes have not been registered under the Securities Act, and, unless so registered, may not be offered or sold in the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and other applicable securities laws. Walter Energy plans to use the net proceeds of the offering to repay indebtedness outstanding under its credit facilities, to pay fees and expenses related to the offering and for general corporate purposes. Full Article
Walter Energy Inc Prices $500 Million Private Offering of Senior Notes
Walter Energy Inc announced the pricing of its private offering of $500 million aggregate principal amount of its 9.875% senior notes due 2020. Walter Energy will pay interest on the Notes on June 15 and December 15 of each year, beginning on June 15, 2013. The Notes will be guaranteed by each of Walter Energy's current and future wholly-owned domestic restricted subsidiaries that from time to time guarantees any of Walter Energy's indebtedness or any indebtedness of any of Walter Energy's restricted subsidiaries. The Notes and related guarantees will be offered only to qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended, and to non-U.S. persons in transactions outside the United States in reliance on Regulation S under the Securities Act. The Notes have not been registered under the Securities Act, and, unless so registered, may not be offered or sold in the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and other applicable securities laws. Walter Energy plans to use the net proceeds of the offering to repay indebtedness outstanding under its credit facilities, to pay fees and expenses related to the offering and for general corporate purposes. Full Article
Walter Energy Inc Commences $500 Million Private Offering of Senior Notes
Walter Energy Inc announced that it has commenced a private offering of $500 million aggregate principal amount of senior notes due 2020. The Notes will be guaranteed by Walter Energy's subsidiaries that guarantee indebtedness under Walter Energy's existing credit agreement. The Notes and related guarantees will be offered only to qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended, and to non-U.S. persons in transactions outside the United States in reliance on Regulation S under the Securities Act. Walter Energy plans to use the net proceeds of the offering to repay indebtedness outstanding under its credit facilities, to pay fees and expenses related to the offering and for general corporate purposes. Full Article
Walter says shareholders reject Audley nominees to board
April 25 - Coal miner Walter Energy Inc said preliminary results indicated shareholders had rejected all five of activist investor Audley Capital's nominees to its board.
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