Warrior Met Coal Receives Favorable IRS Private Letter Ruling

September 21, 2017

Responsive image

BROOKWOOD, Ala.–(BUSINESS WIRE)–Warrior Met Coal (NYSE: HCC) (“Warrior” or the “Company”) reported today that the Internal Revenue Service (“IRS”) has issued a Private Letter Ruling (“PLR”) that favorably impacts the Company’s analysis of its ability to utilize its net operating loss carryforwards (“NOLs”) for federal income tax purposes. Prior to the PLR, the Company applied an annual limitation on the utilization of NOLs pursuant to Section 382 of the Internal Revenue Code and, accordingly,

Category: General