Walter Investment’s emergence from bankruptcy is delayed
Creditors will swap debt for equity under a proposed balance sheet restructuring. Walter investment management corp., weighed down by debt from a series of deals it has struck since 2010, has filed for bankruptcy protection with a plan to reduce its debt by $806 million and turn over most of its ownership to bondholders. The Fort Washington, Pa.,
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Walter Investment Management Corp. Announces Update on Anticipated Date of Emergence From Chapter 11 Proceedings. Also as previously announced, the Company will emerge from Chapter 11 on such date that the conditions to the Prepackaged Plan are satisfied (the "Effective Date"), which date was previously anticipated to occur on or before January 31,
Bankruptcy News February 7, 2018 / 9:03 PM / a year ago BRIEF-Walter Investment Management corp. announces anticipated date Of Emergence From Chapter 11 Proceedings And Start Of Trading In New.
Walter Investment Management Corp. (NYSE:WAC) Files An 8-K Entry into a Material Definitive AgreementItem 1.01. Entry into a Material Definitive Agreement. Commitment Letter On November6, 2017.
People on the move: march 23 walter Investment’s emergence from bankruptcy is delayed * WALTER INVESTMENT MANAGEMENT CORP – EFFECTIVE DATE OF EMERGENCE FROM chapter 11 proceedings WILL NOT OCCUR PRIOR TO FEBRUARY 2, 2018 Source text for Eikon: Further company coverage: Our.Business Events Calendar for March 18, 2019.
Walter Investment’s emergence from bankruptcy is delayed Walter Investment Management Corp. pushed back the date it would emerge from bankruptcy to no earlier than Feb. 2 from the originally planned jan. 31.
Walter Investment Management, Inc., the fifth-largest mortgage servicer in the United States, in its prepackaged restructuring efforts related to more than $2 billion in funded parent-level debt and more than $13 billion in other funded debt obligations. This one-of-a-kind restructuring plan allowed this highly regulated enterprise to avoid filing its operating companies for chapter 11 while simultaneously.
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(Mel Melcon / Los Angeles Times) Walter Hamilton Tribune Co., parent of the Los. Tribune was required to release its financial performance under the terms of its emergence from bankruptcy.