|Bid||0.000 x 0|
|Ask||0.000 x 0|
|Day's Range||0.701 - 0.834|
|52 Week Range||0.300 - 6.000|
|PE Ratio (TTM)||N/A|
|Earnings Date||Mar 12, 2018 - Mar 16, 2018|
|Forward Dividend & Yield||0.00 (0.00%)|
|1y Target Est||0.75|
This is a summary of a request from Walter Investment Management Corp. to hire Weil Gotshal & Manges LLP as attorneys, filed Dec. 1 with the U.S. Bankruptcy Court in New York.
Jerry Lombardo Joins Company to Succeed Gary Tillett as Chief Financial Officer Jeffrey Baker Appointed Chief Operations Officer FORT WASHINGTON, Pa. , Dec. 6, 2017 /PRNewswire/ -- Walter Investment Management ...
Heavily indebted mortgage servicer Walter Investment Management Corp. has filed for bankruptcy protection with a plan to turn over the firm’s ownership to some of its lenders.
FORT WASHINGTON, Pa., Nov. 30, 2017 /PRNewswire/ -- Walter Investment Management Corp. ("Walter" or the "Company") (NYSE:WAC.BC) today announced that, as expected, the Company filed a voluntary chapter 11 petition in the United States Bankruptcy Court for the Southern District of New York (the "Court") to execute a prepackaged financial restructuring plan (the "Prepackaged Plan"). At the conclusion of the financial restructuring process, which is expected to occur in the first quarter of 2018, the Company expects that it will have reduced its outstanding corporate debt by approximately $800 million1 and enhanced its financial flexibility. The Prepackaged Plan incorporates the previously announced agreements (the "RSAs") the Company reached with certain lenders holding term loans under the Company's Amended and Restated Credit Agreement, dated as of December 19, 2013 (the "Lenders") and certain holders of its outstanding 7.875% Senior Unsecured Notes due 2021 (the "Senior Noteholders").
A spike in the number of leveraged loan defaults this month, in addition to other expected defaults in the coming days, could make November the month with the most default activity since January 2012, ...
- Reported third quarter 2017 GAAP net loss of $124.1 million , or $3.38 per share - Continue to reduce costs and improve efficiency across business lines - Progressing on financial restructuring - commenced ...
Mortgage servicer has negotiated a debt-for-equity swap with some lenders that company officials said will strengthen its financial health.
FORT WASHINGTON, Pa., Oct. 20, 2017 /PRNewswire/ -- Walter Investment Management Corp. ("Walter" or the "Company") (NYSE:WAC.BC) today announced that it has entered into a Restructuring Support Agreement (the "Noteholder RSA") with certain holders (the "Noteholders") of more than 50% by principal amount of the Company's 7.875% Senior Notes due 2021 (the "Senior Notes") that contemplates a financial restructuring which, if consummated, is expected to strengthen the Company's balance sheet. The Company also announced that it has entered into an Amended and Restated Restructuring Support Agreement (the "Term Lender RSA" and, collectively with the Noteholder RSA, the "RSAs") with certain lenders (the "Lenders") holding term loans (the "Term Loans") under the Company's Amended and Restated Credit Agreement, dated as of December 19, 2013 (the "Existing Credit Agreement"), in an amount more than 48% of the outstanding Term Loans.