Saturday, June 6, 2015

"Walter Energy Said Negotiating Bankruptcy as Soon as June" $WLT

From Bloomberg:

"The first-lien creditor group, which includes Apollo Global Management LLC, has been pushing for the company to convert its debt holdings into equity and hand over ownership to them, said the people. The creditors had sought to persuade Walter not to make payments due to two sets of junior debt holders in April"
That answers that question.

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