Westmoreland Successfully Adds New Lender to Credit Facility; East West Bank to Replace Bank of the West

ENGLEWOOD, Colo., Oct. 13, 2016 (GLOBE NEWSWIRE) -- Westmoreland Coal Company (Nasdaq:WLB) today announced it has successfully added East West Bank as a 50% participant in its parent level revolving credit line in place of Bank of the West.

“We are excited to have East West Bank join our long-term partner, The Private Bank, in our revolver and we appreciate their support and confidence in our business model and strategy,” said Jason Veenstra, Westmoreland’s Chief Financial Officer. “We are thankful to Bank of the West for their support over the years including their continued involvement in the Westmoreland Resource Partners’ revolver.”

For more details on this and Westmoreland’s other debt instruments, please refer to the company’s public filings at www.westmoreland.com

About Westmoreland Coal Company

Westmoreland Coal Company is the oldest independent coal company in the United States. Westmoreland’s coal operations include surface coal mines in the United States and Canada, underground coal mines in Ohio and New Mexico, a char production facility, and a 50% interest in an activated carbon plant. Westmoreland also owns the general partner of and a majority interest in Westmoreland Resource Partners, LP, a publicly-traded coal master limited partnership (NYSE:WMLP). Its power operations include ownership of the two-unit ROVA coal-fired power plant in North Carolina. For more information, visit www.westmoreland.com.

For further information please contact Gary Kohn, Vice President Investor Relations 1-720-354-4467 gkohn@westmoreland.com

Source:Westmoreland Coal Company