FORT WASHINGTON, Pa., Feb. 9, 2018 /PRNewswire/ — Walter Investment Management Corp. (NYSE: WAC.BC) today announced that it successfully completed its financial restructuring plan and emerged from Chapter 11 under the name Ditech Holding Corporation (“Ditech Holding” or the “Company”). Trading in Ditech Holding’s new common stock is expected to commence on February 12, 2018 under the symbol “DHCP”. Through its financial restructuring, the Company eliminated approximately $800 million1 of outstanding corporate debt from its balance sheet and enhanced its financial flexibility.
The Company has chosen Ditech Holding Corporation as the new name for its parent company, as it reflects the Company’s focus on its strong core…
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