Walter doubles revolver to pursue 'significant growth opportunities'

By Toni Weeks

San Diego, July 18 - Walter Investment Management Corp. amended its revolving line of credit on Wednesday, increasing it to $90 million from $45 million.

The revolver is available to the company as necessary to fund working capital needs associated with its growing servicing platform and for general corporate purposes.

"We are pleased to augment our already strong liquidity position as we continue to pursue the significant growth opportunities present in the sector," chairman and chief executive officer Mark J. O'Brien said in a press release.

Based in Tampa, Fla., Walter Investment is an asset manager, mortgage servicer and mortgage portfolio owner specializing in less-than-prime, non-conforming and other credit-challenged mortgage assets.

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