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Walter on the prowl for refinancing options

IN A US Securities and Exchange Commission filing Walter Energy says it has begun exploring optio...

Staff Reporter

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The Alabama-based producer said it was making the move to help “increase its financial flexibility”

Walter said it would use the proceeds from such a transaction to repay its outstanding debt and any related fees or expenses.

The agreements, if created, would replace two existing loan facilities.

Walter reported long-term debt of about $2.6 billion as of March 30, at which time it had cash balances of about $236 million.

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