Attached files
file | filename |
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8-K - FORM 8-K - Westmoreland Resource Partners, LP | h74409e8vk.htm |
EX-1.1 - EX-1.1 - Westmoreland Resource Partners, LP | h74409exv1w1.htm |
EX-3.2 - EX-3.2 - Westmoreland Resource Partners, LP | h74409exv3w2.htm |
EX-3.1 - EX-3.1 - Westmoreland Resource Partners, LP | h74409exv3w1.htm |
EX-10.3 - EX-10.3 - Westmoreland Resource Partners, LP | h74409exv10w3.htm |
EX-10.2 - EX-10.2 - Westmoreland Resource Partners, LP | h74409exv10w2.htm |
EX-10.1 - EX-10.1 - Westmoreland Resource Partners, LP | h74409exv10w1.htm |
Exhibit 99.1
Company Contact:
Brian Meilton
(614) 643-0326
bmeilton@oxfordresources.com
Brian Meilton
(614) 643-0326
bmeilton@oxfordresources.com
Oxford Resource Partners, LP Prices Initial Public Offering of Common Units
COLUMBUS, Ohio, July 13, 2010 Oxford Resource Partners, LP (Oxford) announced today the
pricing of its initial public offering of 8,750,000 common units at $18.50 per unit. The common
units will begin trading on the New York Stock Exchange on July 14, 2010 under the ticker symbol
OXF. The underwriters have the option to purchase from Oxford up to an additional 1,312,500
common units, at the same price, to cover over-allotments, if any. The offering is expected to
close on or about July 19, 2010.
Upon conclusion of the offering, the public will own 41.7% of the outstanding equity of Oxford, or
48.0% if the underwriters exercise, in full, their option to purchase additional common units. AIM
Oxford Holdings, LLC, C&T Coal, Inc., Oxfords general partner and participants in Oxfords
long-term incentive plan will hold the remaining equity in Oxford.
Barclays Capital and Citi are acting as joint book-running managers of the offering. Credit
Suisse, Raymond James, Wells Fargo Securities and UBS Investment Bank are acting as co-managers for
the offering.
The offering of these securities is being made only by means of a prospectus, copies of which may
be obtained from the offices of:
Barclays Capital
|
Citi | |
c/o Broadridge Financial Solutions
|
Attn: Prospectus Department | |
1155 Long Island Avenue
|
Brooklyn Army Terminal | |
Edgewood, New York 11717
|
140 58th Street, 8th Floor | |
Toll free: 1-888-603-5847
|
Brooklyn, New York 11220 | |
Barclaysprospectus@broadridge.com
|
Toll free: 1-800-831-9146 |
A registration statement relating to these securities has been filed with, and declared effective
by, the U.S. Securities and Exchange Commission (the SEC). This press release does not constitute
an offer to sell or a solicitation of an offer to buy the securities described above, nor shall
there be any sale of these securities in any state or jurisdiction in which such offer,
solicitation, or sale would be unlawful prior to registration or qualification under the securities
laws of such state or jurisdiction.
About Oxford Resource Partners, LP
Headquartered in Columbus, Ohio, Oxford acquires and mines surface coal reserves located in
Northern Appalachia and the Illinois Basin.
Forward-Looking Statements
This press release includes forward-looking statements that is, statements related to future,
not past, events. Forward-looking statements are based on current expectations and include any
statement that does not directly relate to a current or historical fact. In this context,
forward-looking statements often address expected future business and financial performance, and
often contain words such as anticipate, believe, intend, expect, plan or will or other
similar words. These forward-looking statements involve certain risks and uncertainties and
ultimately may not prove to be accurate. Actual results and future events could differ materially
from those anticipated in such statements. For further discussion of risks and uncertainties, you
should refer to Oxfords SEC filings. Oxford undertakes no obligation and does not intend to
update these forward-looking statements to reflect events or circumstances occurring after this
press release. You are cautioned not to place undue reliance on these forward-looking statements,
which speak only as of the date of this press release. All forward-looking statements are
qualified in their entirety by this cautionary statement.