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Walter Energy Files Investor Presentation with the SEC

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By Business Wirevia The Motley Fool

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Walter Energy Files Investor Presentation with the SEC

BIRMINGHAM, Ala.–(BUSINESS WIRE)– Walter Energy, Inc. (NYS: WLT) (TSX: WLT) today filed a presentation with the Securities and Exchange Commission that it used in a meeting with the proxy advisory service Institutional Shareholder Services Inc. and will be using with Walter Energy shareholders in advance of its Annual Meeting to be held on April 25, 2013.

The presentation discusses in detail the Company’s track record of increasing shareholder value over time, its strategies to improve performance, and its progress in positioning itself for expected improvements in the metallurgical coal market.

Audley Capital, an activist offshore hedge fund led by Julian Treger owning less than one-tenth of 1% of Walter Energy, is seeking effective control of the Board by replacing five of nine independent directors and disrupting the Company’s progress on key initiatives that are underway.

Please refer to the investor relations section of the Walter Energy website for the full presentation.

About Walter Energy

Walter Energy is the world’s leading, publicly traded “pure-play” metallurgical coal producer for the global steel industry with strategic access to high-growth steel markets in Asia, South America and Europe. The Company also produces thermal coal, anthracite, metallurgical coke and coal bed methane gas. Walter Energy employs approximately 4,100 employees and contractors with operations in the United States, Canada and United Kingdom. For more information about Walter Energy, please visit www.walterenergy.com.

Safe Harbor Statement

Except for historical information contained herein, the statements in this release are forward-looking and made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and may involve a number of risks and uncertainties. Forward-looking statements are based on information available to management at the time, and they involve judgments and estimates. Forward-looking statements include expressions such as “believe,” “anticipate,” “expect,” “estimate,” “intend,” “may,” “plan,” “predict,” “will,” and similar terms and expressions. These forward-looking statements are made based on expectations and beliefs concerning future events affecting us and are subject to various risks, uncertainties and factors relating to our operations and business environment, all of which are difficult to predict and many of which are beyond our control, that could cause our actual results to differ materially from those matters expressed in or implied by …read more

Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Walter Energy Announces Closing of $450 Million Senior Notes Offering

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By Business Wirevia The Motley Fool

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Walter Energy Announces Closing of $450 Million Senior Notes Offering

BIRMINGHAM, Ala.–(BUSINESS WIRE)– Walter Energy Inc. (“Walter Energy“) (NYS: WLT) (TSX: WLT) today 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.

This press release does not constitute an offer to sell, or a solicitation of an offer to sell or buy any securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

About Walter Energy

Walter Energy is a leading, publicly traded “pure-play” metallurgical coal producer for the global steel industry with strategic access to high-growth steel markets in Asia, South America and Europe. The company also produces thermal coal, anthracite, metallurgical coke and coal bed methane gas. Walter Energy employs approximately 4,100 employees and contractors with operations in the United States, Canada and United Kingdom.

Safe Harbor Statement

Except for historical information contained herein, the statements in this release are forward-looking and made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and may involve a number of risks and uncertainties. Forward-looking statements are based on information available to management at the time, and they involve …read more
Source: FULL ARTICLE at DailyFinance