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Published on 4/27/2015 in the Prospect News Distressed Debt Daily, Prospect News High Yield Daily and Prospect News Liability Management Daily.

Former Washington Mutual redeems 13% senior first-lien notes in full

By Caroline Salls

Pittsburgh, April 27 – WMI Holdings Corp., formerly Washington Mutual, Inc., fully redeemed the $110 million total principal amount of 13% senior first-lien notes due 2030 on Monday, according to an 8-K filed with the Securities and Exchange Commission.

As previously reported, the notes were issued in March 2012.

In connection with the redemption, the company said the first-lien indenture was satisfied and discharged, resulting in the release of the liens that secured the notes.

Washington Mutual, a Seattle-based savings and loan holding company, emerged from bankruptcy on March 19.


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