Westmoreland Coal Company, along with its affiliates, filed an amended joint plan of reorganization with related disclosure statement in the US Bankruptcy Court on February 22, 2019. As per the amended plan filed, DIP facility claims will be converted into new first lien debt. First lien secured claims will be paid pro-rata share of purchaser stock, new second lien debt and non-core assets sale proceeds.

Holders of First Lien deficiency claims will waive, or will be deemed to have waived, any recovery or distribution on account of its claim. WLB Intercompany claims will be re-characterized as WLB Intercompany Interests. Plan will be funded through available cash in hand, purchaser stock, new first and second lien debts and sale proceeds.

Treatment of all the other classes of claims remain same as per the previous plan. Westmoreland Coal Company, along with its affiliates, filed modified joint plan of reorganization with related disclosure statement in the US Bankruptcy Court on February 28, 2019. As per the modified plan filed, WLB Intercompany Interest will be treated as set forth in the description of transaction steps.

There is no other change in the treatment of claims.