Jul
02
Walter Energy Debt Talks Said to Accelerate With Bankruptcy Plan
ByWalter Energy Inc.’s senior-most creditors are entering confidential talks with the coal miner to reorganize it in bankruptcy court and hand ownership to the lenders, according to two people with direct knowledge of the matter.
The group, which owns the company’s first-lien bonds and loans, will submit a draft plan to the company that calls for converting their debt into equity, said the people, who asked not to be named because the talks are private…
Walter Energy Debt Talks Said to Accelerate With Bankruptcy Plan
