- 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.