Experience

Westmoreland Coal Company and affiliates’ restructuring

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Overview

Client

0930032 B.C. Ltd.

On March 15, 2019, Westmoreland Coal Company (“Westmoreland”) announced that it had emerged from a Chapter 11 as a privately held company owned and operated by a group of its former creditors. In the course of our engagement we have advised the Ad Hoc Group in connection with (i) the negotiation of a pre-filing US$110 million secured bridge loan facility, (ii) a post-filing DIP credit facility, and (iii) the negotiation and completion of a stalking horse purchase transaction, under which certain of our clients acquired the material mining operations of Westmoreland.

Fasken advised as Canadian counsel with a team led by Stuart Brotman, Jon Holmstrom, Sean Stevens, Huy Do , Ross Gascho, Katherine Pollock, Christopher Steeves.

Jurisdiction

  • Canada

Team

  • Stuart Brotman, Partner | Co-Leader, Insolvency & Restructuring, Toronto, ON, +1 416 865 5419, [email protected]
  • Sean S. Stevens, Partner | Co-Leader, Capital Markets and Mergers & Acquisitions (CM and M&A), Toronto, ON, +1 416 868 3352, [email protected]
  • Huy Do, Partner | CO-LEADER, COMPETITION, MARKETING & FOREIGN INVESTMENT | LEADER, SOUTHEAST ASIA GROUP, Toronto, ON, +1 416 868 3505, [email protected]
  • Ross A. Gascho, Counsel | Pensions and Benefits, Toronto, ON, +1 416 865 5447, [email protected]
  • Christopher Steeves, Partner | Leader, Tax Law, Toronto, ON, +1 416 868 3401, [email protected]
Stuart Brotman Toronto Lawyer Stuart Brotman Partner | Co-Leader, Insolvency & Restructuring Toronto, ON +1 416 865 5419
Sean Stevens Toronto Lawyer Sean S. Stevens Partner | Co-Leader, Capital Markets and Mergers & Acquisitions (CM and M&A) Toronto, ON +1 416 868 3352
Huy Do Toronto Lawyer Huy Do Partner | CO-LEADER, COMPETITION, MARKETING & FOREIGN INVESTMENT | LEADER, SOUTHEAST ASIA GROUP Toronto, ON +1 416 868 3505
Ross Gascho Toronto Lawyer Ross A. Gascho Counsel | Pensions and Benefits Toronto, ON +1 416 865 5447
Christopher Steeves Toronto Lawyer Christopher Steeves Partner | Leader, Tax Law Toronto, ON +1 416 868 3401