SEATTLE, Oct. 3, 2017 /PRNewswire/ -- WMIH Corp. (Nasdaq:
WMIH) (the "Company"), today announced it has fully redeemed the
Company's 13% Senior Second Lien Notes due in 2030 (the "Second
Lien Notes") issued under the Senior Second Lien Notes Indenture
(the "Indenture"), dated as of March 19,
2012, by and between WMIH Corp., successor to WMI Holdings
Corp., and Delaware Trust Company, successor to The Law Debenture
Trust Company of New York, as
trustee. The remaining principal amount of the Second Lien Notes
totaled $18,226,500.00. The Company
used a combination of Runoff Proceeds (as that term is defined in
the Indenture) and unrestricted corporate cash to fund the
redemption. As a result of the redemption, the Indenture will be
satisfied and discharged, and the liens secured thereby will be
released, as provided under the terms of the Indenture. The Company
has redeemed in full and ahead of schedule all of the runoff notes
it issued in connection with emerging from its bankruptcy
proceedings in March 2012.
This press release contains "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of
1995, Section 27A of the Securities Act of 1933 and Section 21E of
the Securities Exchange Act of 1934, as amended. All statements
other than statements of historical fact included in this press
release that address activities, events, conditions or developments
that we expect, believe or anticipate will or may occur in the
future are forward-looking statements. Forward-looking statements
give our current expectations and projections relating to our
financial condition, results of operations, plans, objectives,
future performance and business and these statements are not
guarantees of future performance. These statements can be
identified by the fact that they do not relate strictly to
historical or current facts. Forward-looking statements may include
the words "anticipate," "estimate," "expect," "project," "intend,"
"plan," "believe," "strategy," "future," "opportunity," "may,"
"should," "will," "would," "will be," "will continue," "will likely
result," and similar expressions. Such forward-looking statements
involve risks and uncertainties that may cause actual events,
results or performance to differ materially from those indicated by
such statements. Some of these risks are identified and discussed
under "Risk Factors" in the Company's most recent Annual Report on
Form 10-K and any subsequent Quarterly Reports on Form 10-Q or
Current Report on Form 8-K. These risk factors will be important to
consider in determining future results and should be reviewed in
their entirety. These forward-looking statements are expressed in
good faith and we believe there is a reasonable basis for them.
However, there can be no assurance that the events, results or
trends identified in these forward-looking statements will occur or
be achieved. Forward-looking statements speak only as of the date
they are made, and we do not undertake to update any
forward-looking statement, except as required by law.
CONTACT
Helen
Grayson
206-922-2957
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SOURCE WMIH Corp.