Reuters: Global Markets: Walter Energy refinancing pulled, shares drop

Reuters: Global Markets Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Walter Energy refinancing pulled, shares drop Jun 14th 2013, 18:18 Fri Jun 14, 2013 2:18pm EDT (Reuters) - Walter Energy Inc (WLT.N) has pulled a planned $1.55 billion credit refinancing, Reuters Loan Pricing Corp reported on Friday, citing sources, sending the coal miner's shares lower. The Morgan Stanley-led deal was pulled because of market conditions, the report said. Walter's typically volatile shares dropped sharply after the news, and were down 17 percent at $12.16 by mid-afternoon on the New York Stock Exchange. (Reporting by Allison Martell; Editing by Gerald E. McCormick)

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