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Watch List: CECO Environmental Corp. (NASDAQ:CECE), Walter Energy, Inc. (NYSE:WLT)

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CECO Environmental Corp. (NASDAQ:CECE) announces that a Sales Cooperation Agreement has been formalized between CECE and Jiangsu Renhe Environmental Equipments Company. The two companies will focus on bringing expanded air pollution control technology solutions to the growing China market by leveraging each other’s extensive product portfolio, fabrication base and sales channels. Renhe focuses on dust collector and filter cartridge technology products with sales locations in Shanghai, Guangzhou, Xi’an and Ha’erbin City. The target areas for this partnership will include applications across a variety of industrial markets, such as general industry, metals, petrochemical, chemical, plastics, and cement, and will include CECE`s FisherKlosterman Cyclones, Dual Scrubbers, CECO Filtration and Flex-Kleen Dust Collection Technologies. CECO Environmental Corp. (NASDAQ:CECE) shares fell -0.61% to $18.00 in current session.

Walter Energy, Inc. (NYSE:WLT) commences private offerings of $100 million aggregate principal amount of 9.500% senior secured notes due 2019 and $350 million aggregate principal amount of senior secured second lien PIK toggle notes due 2020.

Company has also announced that it has commenced private offerings of $100 million aggregate principal amount of 9.500% senior secured notes due 2019 and $350 million aggregate principal amount of senior secured second lien PIK toggle notes due 2020. The Notes will be guaranteed by each of Walter Energy’s current and future wholly-owned domestic restricted subsidiaries that from time to time guarantee any of Walter Energy’s indebtedness or any indebtedness of any of Walter Energy’s restricted subsidiaries.
The New First Lien Notes and related guarantees will be secured on a first priority basis by substantially all of the property and assets of Walter Energy and the guarantors. The Second Lien Notes and related guarantees will be secured on a second priority basis by substantially all of the property and assets of Walter Energy and the guarantors.
Walter Energy intends to use the net proceeds of the offerings of the Notes to repay in full its term loan A under its credit facilit.

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