Walter Energy (WLT +1.8%) spikes higher after disclosing it has begun exploring options to...


Walter Energy (WLT +1.8%) spikes higher after disclosing it has begun exploring options to refinance a portion of its existing debt. Terms of the proposed new debt facilities would replace existing term loan A and B facilities with a new term loan B facility and new senior unsecured debt as well as extend the maturity of its indebtedness. Shares had been mired in the red before the news.

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Comments (3)
  • cfb5006
    , contributor
    Comments (85) | Send Message
     
    Why when ANR does this it goes down, and when WLT does it it goes up 5%?
    5 Jun 2013, 11:31 AM Reply Like
  • slash32is4
    , contributor
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    maybe its somthing else?
    5 Jun 2013, 11:49 AM Reply Like
  • whaddyamean?
    , contributor
    Comments (498) | Send Message
     
    "Shares had been mired in the red before the news."

     

    Rather than"mired", the term "sinkhole" comes to mind when I look at WLT's performance. This company truly is worth more dead than alive.
    5 Jun 2013, 01:40 PM Reply Like
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