Merida Natural Resources, LLC entered into a stalking-horse agreement to acquire Kemmerer Coal Mine from Westmoreland Resource Partners, LP (OTCPK:WMLP.Q), Westmoreland Kemmerer, LLC and Westmoreland Kemmerer Fee Coal Holdings, LLC for approximately $220 million on February 7, 2019. The consideration includes $7.5 million in cash, $112.5 million senior secured note and a $95 million junior secured note. Merida will deposit a sum of $2.5 million. If the agreement is terminated, Westmoreland will retain the deposit in case of termination under certain circumstances. As on February 19, 2019, pursuant to the bidding procedures, because the WMLP Debtors received only one Qualified Bid, there will be no auction. Accordingly, WMLP Debtors submit the Merida bid as the successful bid. The bankruptcy court Sale Hearing for the sale of Kemmerer is scheduled on February 28, 2019. The United States Bankruptcy Court for the Southern District of Texas approved the deal on March 1, 2019. The consummation of the transactions contemplated by the Asset Purchase Agreement is subject to customary closing conditions. Jamie A. Aycock, James H.M. Sprayregen, Michael B. Slade, Gregory F. Pesce, Edward O. Sassower, Stephen E. Hessler and Anna G. Rotman of Kirkland & Ellis LLP, Patricia B. Tomasco and Matthew D. Cavenaugh of Jackson Walker LLP and Heather Lennox, Oliver S. Zeltner and Timothy W. Hoffmann of Jones Day acted as legal advisors for Westmoreland Resource Partners. Lazard Freres & Co. LLC acted as financial advisor to the sellers. Merida Natural Resources, LLC cancelled the acquisition of Kemmerer Coal Mine from Westmoreland Resource Partners, LP (OTCPK:WMLP.Q), Westmoreland Kemmerer, LLC and Westmoreland Kemmerer Fee Coal Holdings, LLC on April 25, 2019. The agreement was terminated pursuant to its terms.