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Walter Energy to launch $1.6 billion credit facility on Wednesday
By Sara Rosenberg
New York, June 4 - Walter Energy Inc. will hold a call at 1 p.m. ET on Wednesday to launch a $1.6 billion senior secured credit facility, according to a market source.
Morgan Stanley Senior Funding Inc. is the left lead on the deal.
The facility consists of a $400 million revolver and a $1.2 billion term loan B, the source said.
Other bookrunners on the deal and the use of proceeds have not yet been announced.
Walter Energy is a Birmingham, Ala.-based pure-play metallurgical coal producer.
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