WLT is working with its debtholders to establish a modified capital structure plan.
Walter had $435 million of cash and vestments at the end of March... according to the filing. Walter SAYS IT'S working with bondholders To weather a highly competitive and challenging market. They are receiving the benefit of the doubt that they will be able to weather the low coal prices until thing pick up again.
The move “does not reflect a current liquidity issue” as Walter had about $435 million of cash and investments at the end of March, according to the filing. Walter said it is working with bondholders “to weather a highly competitive and challenging market.”