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Oxford Resource Partners (OXF -34.4%) will suspend cash distributions on its common and...

Oxford Resource Partners (OXF -34.4%) will suspend cash distributions on its common and subordinated units for Q4, citing continued weakness in the coal markets and a need to further preserve liquidity. OXF says it continues to look for ways to enhance its liquidity, including the sale of excess Illinois Basin equipment, and is pursuing the refinancing of its credit facility.
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  • enrozni
    , contributor
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    On OXF, this is a fraction on the todays message "Under the Partnership's partnership agreement, arrearage amounts resulting from suspension of the common units distribution accumulate. Arrearage amounts resulting from suspension of the subordinated units distribution do not accumulate." I think that is positive.
    29 Jan 2013, 03:40 PM Reply Like
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