Walter Investment Management Corp. (NYSE:WAC) Files An 8-K Regulation FD DisclosureItem 7.01.
On October26, 2017, Walter Investment Management Corp. (the “Company”) entered into confidentiality agreements (the “Confidentiality Agreements”) with the investment manager, advisor or sub-advisor for certain members of a group (the “Ad Hoc Convertible Noteholders”) of persons that hold an interest in the 4.50% Convertible Senior Subordinated Notes due 2019 (the “Convertible Notes”) issued by the Company under that certain Subordinated Indenture, dated as of January13, 2012 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time).
to the Confidentiality Agreements, the Company and the Ad Hoc Convertible Noteholders engaged in confidential discussions in connection with a possible transaction, arrangement, or series of transactions or arrangements involving the Convertible Notes, including a restructuring of such indebtedness. A transaction has not been agreed to and no further discussions between the Company and Ad Hoc Convertible Noteholders are scheduled. The Confidentiality Agreements terminated to their terms on November 6, 2017.
In accordance with General Instruction B.2 of Form 8-K, the information being furnished under this Item 7.01 to this Current Report on Form 8-K shall not be deemed to be “filed” for purposes of Section18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any registration statement or other document filed by the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.
About Walter Investment Management Corp. (NYSE:WAC)
Walter Investment Management Corp. is a diversified mortgage banking firm focused primarily on the servicing and origination of residential loans, including reverse loans. The Company operates through three segments: Servicing, Originations and Reverse Mortgage. The Servicing segment consists of operations that perform servicing for third-party credit owners of mortgage loans, as well as its own mortgage loan portfolio. The Servicing segment also includes Insurance, and Loans and Residuals businesses. The Originations segment consists of operations that originate and purchase mortgage loans that are intended for sale to third parties. The Reverse Mortgage segment consists of operations which purchases and originates home equity conversion mortgage that are securitized, but remain on the consolidated balance sheet as collateral for secured borrowings.
