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Walter Energy says it will make interest payments

May 08, 2015 8:56 AM ETWalter Energy, Inc. (WLT) StockBy: Carl Surran, SA News Editor44 Comments
  • Walter Energy (NYSE:WLT) +32.3% premarket after confirming last night that it will make interest payments and continue discussions with debtholders to explore alternatives to recapitalize its balance sheet amid a difficult met coal pricing environment.
  • WLT says on May 15 it will make interest payments under its indenture agreements with holders of its 9.5% senior secured notes due in 2019 and 8.5% senior notes due in 2021.
  • WLT had entered a 30-day grace period after missing interest payments that were due April 15.

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