Walter Energy Updates On Efforts To Improve Capital Structure - Quick Facts

(RTTNews) - Walter Energy Inc. (WLT) said that it elected to exercise the 30-day grace period under its indenture agreements with holders of its 9.5% Senior Secured Notes due in 2019 and the 8.5% Senior Notes due in 2021 to extend the timeframe for making the cash interest payments due today.

The Company emphasized that the decision does not reflect a current liquidity issue, as it had approximately $435 million of cash and investments as of March 31, 2015.

The company stated that it will continue to deliver high quality met coal to customers and meet its other obligations as it works with its debtholders to address the Company's capital structure.