Walter Bonds Jump Following Debt-for-Equity Swap

Co.’s $500 mln of 9.875% bonds due December 2020 up 4.1 cents on the dollar to 67.6 cents at 9:30 a.m., according to Trace data. * Up from record low of 63.5 cents reached on April 25, before co. agreed to issue equity in exchange for $35 mln of the bonds. * Co.’s $450 mln of 8.5% notes due April 2021 up 1 cent to 61.25. * For filing, DOCC CF 0001104659-14-030701 <GO>

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To contact the editors responsible for this story: Shannon D. Harrington at sharrington6@bloomberg.net Mitchell Martin

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