Walter Investment Management Corp. on Monday agreed to buy Green Tree Servicing, St. Paul — a specialty servicer — and its parent company in a deal valued at just over $1 billion.However, the buyer is putting up very little in the way of cash. To complete the purchase, Walter Investment will issue 1.8 million shares of common stock to the seller, assume $20 million of existing Green Tree debt, and issue $765 million of new debt.

Green Tree's parent company is called GTCS Holdings.

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