-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: keymaster@town.hall.org Originator-Key-Asymmetric: MFkwCgYEVQgBAQICAgADSwAwSAJBALeWW4xDV4i7+b6+UyPn5RtObb1cJ7VkACDq pKb9/DClgTKIm08lCfoilvi9Wl4SODbR1+1waHhiGmeZO8OdgLUCAwEAAQ== MIC-Info: RSA-MD5,RSA, Q/mVUsL5IMTLfzeKV1Afl1RVgCrjrZ53nAa/BoCts5h3yMoU01745MHpgYCk2Fdc lwMz2zpErR7OZPvqauOqcw== 0000106455-94-000004.txt : 19940422 0000106455-94-000004.hdr.sgml : 19940422 ACCESSION NUMBER: 0000106455-94-000004 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19940418 ITEM INFORMATION: Other events FILED AS OF DATE: 19940421 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WESTMORELAND COAL CO CENTRAL INDEX KEY: 0000106455 STANDARD INDUSTRIAL CLASSIFICATION: 1220 IRS NUMBER: 231128670 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-11155 FILM NUMBER: 94523673 BUSINESS ADDRESS: STREET 1: 700 THE BELLEVUE STREET 2: 200 S BROAD ST CITY: PHILADELPHIA STATE: PA ZIP: 19102 BUSINESS PHONE: 2155452500 MAIL ADDRESS: STREET 1: 700 THE BELLEVUE STREET 2: 200 S. BROAD STREET CITY: PHILADELPHIA STATE: PA ZIP: 19102 8-K 1 8-K FILING FOR PROPOSED SALE OF WEI SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): April 18, 1994 Westmoreland Coal Company (Exact name of registrant as specified in its charter) Delaware 0-752 23-1128670 (State or other (Commission File (IRS Employer jurisdiction of Number) Identification No.) incorporation) 700 The Bellevue, 200 South Broad Street Philadelphia, Pennsylvania 19102 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (215) 545-2500 Item 5. Other Events. On April 18, 1994, Westmoreland Coal Company announced that it has reached an agreement in principle to sell the assets of its independent power and cogeneration subsidiary, Westmoreland Energy, Inc., to several purchasers. A press release describing the transaction is attached as an exhibit and incorporated herein by reference. Item 7. Exhibits. Press release dated April 18, 1994. EXHIBIT INDEX Sequentially Exhibit Description of Exhibit Numbered Number Page 1 Press release dated April 18, 1994. 4 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. WESTMORELAND COAL COMPANY Date: April 18, 1994 By:/s/ Francis J. Boyle Francis J. Boyle Senior Vice President, Chief Financial Officer and Treasurer EX-99 2 NEWS RELEASE FOR PROPOSED SALE OF WEI Westmoreland Coal Company Announces Agreement to Sell Assets of Westmoreland Energy, Inc. Philadelphia, PA -- April 18, 1994 -- Westmoreland Coal Company (NYSE:WCX) today announced that it has reached an agreement in principle to sell the assets of its independent power and cogeneration subsidiary, Westmoreland Energy, Inc., to several purchasers. The purchasers, all represented by LCRW Power Company, L.P., include affiliates of Allstate Insurance Company, Energy Investors Fund II, L.P., LCRW and Ridgewood Power Corp. The aggregate purchase price is subject to accounting adjustments, but is expected to be in excess of $50 million, plus the assumption of Westmoreland's remaining equity commitments for projects under construction. The sale is subject to negotiation of definitive documentation, board and financing approvals, third party consents and regulatory approvals. A third quarter closing is expected. As stated last fall, Westmoreland believes it can realize full value for Westmoreland Energy with a sale at this time. A majority of the proceeds will be used to pay down $46 million of maturing credit obligations. Westmoreland intends to concentrate on its core business, the production and marketing of coal. ### -----END PRIVACY-ENHANCED MESSAGE-----