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BRIEF-Walter Investment Management Files Prepackaged Chapter 11 Plan
December 1, 2017 / 6:35 AM / 17 days ago

BRIEF-Walter Investment Management Files Prepackaged Chapter 11 Plan

Dec 1 (Reuters) - Walter Investment Management Corp:

* WALTER INVESTMENT MANAGEMENT CORP. FILES PREPACKAGED CHAPTER 11 PLAN TO CONTINUE IMPLEMENTATION OF ITS PREVIOUSLY ANNOUNCED FINANCIAL RESTRUCTURING

* AT CONCLUSION OF FINANCIAL RESTRUCTURING PROCESS, CO EXPECTS WILL HAVE REDUCED DEBT BY ABOUT $800 MILLION

* ‍OPERATING ENTITIES, INCLUDING DITECH FINANCIAL,REVERSE MORTGAGE SOLUTIONS, ARE NOT EXPECTED TO FILE FOR CHAPTER 11 ​ Source text for Eikon: Further company coverage: ))

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