Friday, July 25, 2014

Walter Energy Interest Expense $WLT

WLT has $2.58 billion of cash-interest paying indebtedness, with a total annual interest cost of $218 million. They have a $350 million PIK note which given the 12% PIK option will have a noncash annual interest cost of $42 million. The total annual interest expense going forward looks to be $260 million.

No comments: