December 11, 2017 / 2:04 PM / 6 months ago

BRIEF-WMIH Corp Announces Amendment Of Series B Preferred Stock Terms

Dec 11 (Reuters) - WMIH Corp:

* WMIH CORP. ANNOUNCES AMENDMENT OF SERIES B PREFERRED STOCK TERMS

* WMIH CORP - ‍UNDER TERMS OF AMENDMENT, CONVERSION PRICE OF SERIES B PREFERRED STOCK​ SHALL BE FIXED AT $1.35 PER SHARE OF COMMON STOCK

* WMIH - UNDER TERMS OF AMENDMENT, MANDATORY REDEMPTION DATE OF SERIES B PREFERRED STOCK SHALL BE OCT 5 2019

* WMIH -‍ TERMS OF AMENDMENT INCLUDE SPECIAL DISTRIBUTION OF 19.05 SHARES OF COMMON STOCK/SHARE OF SERIES B PREFERRED STOCK

* WMIH CORP - AMENDMENT TERMS INCLUDE ‍SPECIAL DISTRIBUTION AS A RESULT OF CONSUMMATION OF AN ACQUISITION OR QUALIFIED ACQUISITION​

* WMIH CORP - IN CONNECTION WITH AMENDMENT, CO ALSO ENTERED INTO AN AGREEMENT DATED DEC 8, 2017 WITH KKR FUND HOLDINGS L.P.

* WMIH - ‍AGREEMENT WITH KKR FUND PROVIDES THAT CO WOULD NOT ENTER ANY DEFINITIVE AGREEMENT FOR ACQUISITION WITHOUT APPROVAL OF SERIES A STOCKHOLDER​ Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below