FORM 15 FILER--Notice of Suspension of Duty to File Reports http://www.secinfo.com/dsVS7.418u.htm
$236,879,000 in Net Operating Loss Carryover or $236.879 per share based on 1M o/s
NOLS TAX CREDIT VALUE AT $82.91 per share or $82,907,650
LATEST NEWS: http://www.zimbio.com/Reuters+News/articles/2506/gov+t+lab+14+firms+team+up+lithium+battery
GE Corporate Lending finances EaglePicher Corporation
Friday, February 08, 2008; Posted: 04:52 AM , ok's $265mil. loan
Feb 08, 2008 (M2 EQUITYBITES via COMTEX) -- HE | news | PowerRating | PR Charts -- GE Commercial Finance Corporate Lending, a provider of asset-based, cash flow, structured finance and other financial solutions and a business unit of General Electric Company (NYSE:HE), announced on Thursday (7 February) that the company has lent USD265m in cash flow credit facility to EaglePicher Corporation, a manufacturer of advanced technologies and industrial products.
The financing will reportedly be used by EaglePicher for recapitalisation purposes. GE Capital Markets arranged the transaction.
S&P Rates EaglePicher's $195M Facs 'BB-'; $70M Nts 'CCC+'>
Monday 12/17/2007 5:17 PM ET - Dow Jones News
Moody's Affirms Eaglepicher's Corporate Family Rtg At B2
Friday 12/14/2007 10:29 AM ET - Dow Jones News
EaglePicher Corporation, through its subsidiaries, operates in automotive, defense, space, commercial power, nuclear, semi-conductors, filtration, pharmaceuticals, and medical industries worldwide. The company’s Hillsdale Automotive, LLC subsidiary manufactures precision machined components and assemblies, including dampers, filtration products, knuckles, driveline products, and pump components. Its Wolverine Advanced Materials, LLC subsidiary supplies vibration damping and sealing materials for automotive, consumer electronics, and industrial markets. The company’s EaglePicher Filtration & Minerals, LLC subsidiary produces granular diatomaceous earth absorbents, soil amendments, and conditioners; and offers filter aids and fillers for paints, catalyst supports, and polyethylene film. EaglePicher Corporation’s EaglePicher Technologies, LLC subsidiary provides various commercial power solutions with a portfolio of rechargeable and non-rechargeable batteries, advanced chargers, and other power solutions; and various defense and space power solutions comprising batteries for missiles, submunitions, mines, sonobuoys, fuzes, and aerospace power backup, as well as energetic devices and pyrotechnic components for military and commercial applications. The company’s EaglePicher Pharmaceutical Services, LLC subsidiary provides a range of chemical carcinogens and their metabolites, as well as develops and manufactures anticancer drugs and other high potency compounds. Its EaglePicher Boron, LLC provides boron offerings and isotope product lines for nuclear and semiconductor applications, as well as offers nuclear power plant water chemistry additives and corrosion preventatives, and radiation shielding and hazardous waste treatment solutions. The company’s EaglePicher Medical Power, LLC subsidiary supplies batteries to manufacturers of implantable medical devices. EaglePicher Corporation was founded in 1843 and is headquartered in Inkster, Michigan.
7. Why were the operations outside of the United States excluded? [from the bankruptcy]
THE SUBSIDIARIES OUTSIDE THE UNITED STATES ARE NOT DIRECT OBLIGORS OR GUARANTORS OF THE BANK DEBT OR BOND DEBT.
EaglePicher Corporation's (formerly EaglePicher Holdings) customers range from General Motors to nuclear power plants. Eagle-Picher's automotive units include Hillsdale (engine, transmission, and driveline components), and Wolverine (gaskets). EP Boron provides boron isotopes for nuclear and semiconductor applications. EP Medical Batteries provides batteries to the medical device and aerospace industries. EP Minerals offers filtration products. EaglePicher filed Chapter 11 in 2005 and emerged from restructuring in 2006. The company is controlled by equity funds Angelo, Gordon & Company and Tennenbaum Capital Partners. EaglePicher is selling its pharmaceutical unit to Aptuit Inc.
Authorized Shares: 1,000,000
Source: 10-K ( 03/14/2005 )
Outstanding Shares: 1,000,000
Source: 10-K ( 03/14/2005 )
Fiscal Year End: November 04
Issued=2-98 pursuant to acquisition of company from the Eagle-Picher Industries, Inc. Personal Injury Settlement Trust