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Walter Investment Management registers to sell $1.5 billion securities
By Angela McDaniels
Tacoma, Wash., Jan. 13 - Walter Investment Management Corp. filed a $1.5 billion shelf registration in an S-3 filing with the Securities and Exchange Commission.
The registration covers debt securities, common stock, preferred stock, depositary shares, stock purchase contracts, warrants and units.
The debt securities and preferreds may be structured as convertibles.
Proceeds will be used for general corporate purposes, which may include repayment of debt, acquisitions, additions to working capital, capital expenditures and investments in subsidiaries.
Walter Investment is a Tampa, Fla.-based mortgage servicer and mortgage portfolio owner specializing in credit-challenged, non-conforming residential loans in the United States.
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