FORT WASHINGTON, Pa., Aug. 1, 2017 /PRNewswire/ — Walter Investment Management Corp. (the “Company”) (NYSE: WAC.BC) today announced that it had entered into a Restructuring Support Agreement (the “RSA”) with its senior lenders holding, as of July 31, 2017, more than 50% of the loans and/or commitments outstanding (the “Consenting Term Lenders”) under the Company’s Amended and Restated Credit Agreement, dated as of December 19, 2013 (the “Credit Agreement”).
As set forth in the RSA, the parties to the RSA have agreed to the principal terms of a proposed financial restructuring of the Company, which will include an extension of the Credit Agreement’s maturity until June 2022. Also on July 31, 2017, the Consenting Term …