WMLP

AcronymDefinition
WMLPWellesley Municipal Light Plant (Massachusetts)
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Upon closing of the transaction, Westmoreland received USD 135m of cash, USD 20m of WMLP common units, and USD 75m of new WMLP class A convertible units.
The acquisition is expected to be immediately accretive to distributable cash flow on a per unit basis to WMLP. Kemmerer will operate as a wholly-owned subsidiary of WMLP.
Upon closing of the transaction, Westmoreland will receive USD 135m of cash, USD 20m of WMLP common units, and USD 75m of new WMLP class A convertible units.
The acquisition, which is expected to close in 3Q15, is expected to be immediately accretive to distributable cash flow on a per unit basis to WMLP. Kemmerer will operate as a wholly-owned subsidiary of WMLP.
The common units of Westmoreland LP will trade on the NYSE under the symbol "WMLP."
Coal company Westmoreland Coal Company (NasdaqGM:WLB) on Wednesday disclosed the consolidated projections of Westmoreland Coal Company and Westmoreland Resource Partners (WMLP) for 2015.
The Distributable Cash Flow of WMLP was reported in the USD6.1m-USD6.6m range in 2015.