Las Vegas, NV -- (SBWIRE) -- 12/20/2013 -- WMI HOLDINGS (OTCMKTS:WMIH) runs its operations of reinsurance through its subsidiary WM Mortgage Reinsurance Company, Inc. The company, Washington Mutual, Inc. formerly, runs business in runoff mode. Based in Seattle, the company was established in 1889.
WMI HOLDINGS stated that based on terms of an agreement, it released $110 million principal amount. The amount is paid for the 13% Senior First Lien Note that will be due in 2030.
WMI HOLDINGS signed note with Wilmington Trust, National Association. The company paid $20 million. The agreement requires sharing financial reports too. Thus, company will share its unaudited monthly financial statements too. The financial reports mentioned that the company is facing losses.
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