Getting your player ready...
Douglas County-based Westmoreland Coal Co. said it intends to offer $130 million principal amount of 10.75 percent senior secured notes in a private placement to buy the Kemmerer Mine in southwestern Wyoming.
Westmoreland said the net proceeds will be used to pay the cash consideration of $74.4 million, approximately $32 million for reclamation bonding collateral and the remainder to fund initial Kemmerer working capital.
Denver Post staff and wire reports
