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Walter Energy closes sale of core assets to Warrior Met Coal LLC

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Walter Energy closes sale of core assets to Warrior Met Coal LLC

on April 1 closedthe sale of substantially all of its core assets, including its Alabama coal assets,to Warrior Met Coal LLC, formerly known as CoalAcquisition LLC.

The U.S.Bankruptcy Court for the Northern District of Alabama approved the sale Jan. 8,as stated in the company release.

WalterEnergy has transferred ownership of virtually all of its U.S. operating assets tothird parties under the court-supervised sale process upon the closing of the transaction.Its remaining assets include Walter Energy Canada Holdings Inc., with in Canada and the United Kingdom.

WarriorMet Coal is an entity owned by the company's first lien creditors.