Walter Energy secures creditor protection for Canadian assets

摘要

WALTER ENERGY'S WHOLLY owned subsidiary, Walter Energy Canada Holdings, has obtained creditor protection under Canada's Companies' Creditors Arrangement Act (CCAA). "The CCAA filing is intended to facilitate ongoing operations while Walter Canada pursues a marketing process for its Canadian assets and for its holdings in the United Kingdom [UK], including assets owned by UK subsidiaries of Walter Canada ("Walter United Kingdom")," the company said. "Walter Canada, Walter United Kingdom and their assets were not part of the US Chapter 11 filing and are not included in the asset purchase agreement that the company entered into on 5 November 2015."