2015 News Releases

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12/07/2015Walter Energy Announces CCAA Filing to Pursue Sale of Walter Canada Assets
BIRMINGHAM, Ala., Dec. 7, 2015 /PRNewswire/ -- Walter Energy, Inc. (OTC Pink:WLTG) ("Walter Energy" or the "Company") today announced that its wholly-owned subsidiary Walter Energy Canada Holdings, Inc., the holding company for the Company's Canadian operations and Canadian subsidiaries (collectively, "Walter Canada"), has obtained creditor protection under the Companies' Creditors Arrangement Act (Canada) (the "CCAA") pursuant to an Initial Order granted on December 7, 2015 by the Supreme Court... 
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11/05/2015Walter Energy Enters Into Asset Purchase Agreement with Company Formed by its Senior Lender Group
BIRMINGHAM, Ala., Nov. 5, 2015 /PRNewswire/ -- Walter Energy, Inc. (OTC Pink: WLTG) ("Walter Energy" or the "Company") today announced that it has entered into an asset purchase agreement (the "APA") with a newly formed entity capitalized and owned by members of the Company's senior lender group, pursuant to which the new company will acquire substantially all of Walter Energy's Alabama assets. The APA contemplates, among other things, cash consideration of $5.4 million, a $1.25 billion credi... 
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07/15/2015Walter Energy Reaches Restructuring Agreement with Senior Lenders to be Implemented through Chapter 11 Filing
BIRMINGHAM, AL--(Marketwired - Jul 15, 2015) - Walter Energy, Inc. (OTC PINK: WLTG) ("Walter Energy" or the "Company") today announced that it has entered into an agreement with certain of its senior lenders on the material terms of a restructuring. To implement this pre-negotiated restructuring, Walter Energy and its U.S. subsidiaries have filed for relief under chapter 11 of the U.S. Bankruptcy Code in the Bankruptcy Court for the Northern District of Alabama. Walter Energy's non-U.S. operati... 
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07/08/2015NYSE Suspends Trading in Walter Energy and Commences Delisting Proceedings
BIRMINGHAM, AL -- (Marketwired) -- 07/08/15 -- Walter Energy, Inc. (NYSE: WLT) ("Walter Energy" or the "Company") today announced that NYSE Regulation, Inc. has determined to commence proceedings to delist the Company's common stock from the New York Stock Exchange ("NYSE"), and that trading in the Company's common stock has been suspended, effective immediately. The NYSE's determination is based on "abnormally low" price indications of the Company's common stock evident at the opening of tra... 
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06/11/2015Walter Energy Exercises Grace Period for 9.875% Senior Notes Due 2020
BIRMINGHAM, AL -- (Marketwired) -- 06/11/15 -- Walter Energy, Inc. (NYSE: WLT), a leading, publicly traded "pure-play" producer of metallurgical ("met") coal for the global steel industry, today announced that it will exercise the 30-day grace period under its indenture agreement with holders of its 9.875% Senior Notes due in 2020, extending the timeframe for making the cash interest payment due June 15, 2015. Walter Energy will continue to deliver high quality met coal to customers and meet i... 
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05/07/2015Walter Energy Will Make Interest Payments, Continue Discussions With Debtholders
BIRMINGHAM, AL -- (Marketwired) -- 05/07/15 -- Walter Energy, Inc. (NYSE: WLT), a leading, publicly traded "pure-play" producer of metallurgical ("met") coal for the global steel industry, today announced that on May 15 it will be making interest payments under its indenture agreements with holders of its 9.5% Senior Secured Notes due in 2019 and the 8.5% Senior Notes due in 2021. The Company previously had exercised the 30-day payment grace period as it worked with its debtholders to explore ... 
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04/15/2015Walter Energy Provides Update on Efforts to Improve Its Capital Structure
BIRMINGHAM, AL -- (Marketwired) -- 04/15/15 -- Walter Energy, Inc. (NYSE: WLT), a leading, publicly traded "pure-play" producer of metallurgical ("met") coal for the global steel industry, today said that it is working with its debtholders to establish a capital structure that will position the Company to weather a highly competitive and challenging market. In the context of these discussions, the Company has elected to exercise the 30-day grace period under its indenture agreements with holde... 
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03/05/2015Walter Energy Notified by NYSE of Non-Compliance With a Continued Listing Standard
BIRMINGHAM, AL -- (Marketwired) -- 03/05/15 -- Walter Energy, Inc. (NYSE: WLT), a leading, publicly traded "pure-play" producer of metallurgical coal for the global steel industry, announced today that the Company has been notified by the New York Stock Exchange that its common stock does not presently satisfy one of the NYSE's continued listing standards. The NYSE requires that the average closing price per share of a listed company's common stock be at least $1.00 over a consecutive 30 tradin... 
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02/17/2015Walter Energy Announces Fourth Quarter and Full Year 2014 Results
Full-Year 2014 Highlights: Reduced Met Coal Cash Cost of Sales per Ton by 13%; Reduced SG&A Expenses by 28%; Capital Expenditures Totaled $93 Million Fourth Quarter 2014 Highlights: Reduced Met Coal Cash Cost of Sales per Ton by 6%; Reduced SG&A Expenses by 23%; Capital Expenditures Totaled $23 Million Liquidity Totaled $481 Million; Cash Improved by Over $200 Million Year-Over-Year BIRMINGHAM, AL -- (Marketwired) -- 02/17/15 -- Walter Energy, Inc. (NYSE: WLT), a leading, public... 
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02/03/2015Walter Energy Announces Date of Fourth Quarter 2014 Earnings Conference Call Webcast
BIRMINGHAM, AL -- (Marketwired) -- 02/03/15 -- Walter Energy, Inc. (NYSE: WLT) today announced that in conjunction with the release of its fourth quarter and full year 2014 earnings results before market open on Tuesday, Feb. 17, 2015, it will conduct a conference call with institutional investors and analysts to be broadcast live over the Internet. What: Walter Energy's Fourth Quarter 2014 Earnings Conference Call When: Tuesday, Feb. 17, 2015 at 10:00 a.m. Eastern Time Where: www.walterene... 
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01/29/2015Walter Energy Garners West Virginia State Safety Awards
Mines and Plant Work Without Lost-Time Injuries in 2014 BIRMINGHAM, AL -- (Marketwired) -- 01/29/15 -- The prestigious West Virginia Mountaineer Guardian Safety Award recipients for 2014 include three Walter Energy (NYSE: WLT) coal operations -- the Maple Eagle underground mine, the Sycamore surface mine, and the Katie coal preparation plant, all located near Elkridge, WV. "The Mountaineer Guardian Safety Award is one of the most important recognitions in our industry," said Walt Scheller, C... 
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01/27/2015Walter Energy Suspends Dividend
BIRMINGHAM, AL -- (Marketwired) -- 01/27/15 -- Walter Energy, Inc. (NYSE: WLT), a leading, publicly traded "pure play" producer of metallurgical coal for the global steel industry, has suspended its quarterly dividend on its common stock to enhance financial flexibility in light of current metallurgical coal market conditions. The Company previously paid a quarterly dividend of $0.01 per share. About Walter Energy Walter Energy is a leading, publicly traded "pure-play" metallurgical coal p... 
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