Schulte is advising an ad hoc group of secured lenders to Westmoreland Resource Partners LP (WMLP), a subsidiary of Westmoreland Coal Company. In October 2018, WMLP, Westmoreland and certain of their affiliates filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division. WMLP’s coal operations include mines in Wyoming and Ohio. WMLP is seeking to restructure more than $320 million in secured debt, environmental and labor liabilities.
The Schulte team representing the WMLP Ad Hoc Lender Group is led by business reorganization partners David Hillman and Kristine Manoukian and associates Lucy Kweskin and Kelly Knight. The team also includes employment & employee benefits partner Ronald Richman and special counsel Scott Gold; M&A and securities partner Richard Presutti and associate Andrew Fadale; tax partner Dan Kusnetz; environmental special counsel Theodore Keyes and associate Valerie Sheaffer; and finance partner Marc Friess.