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Re: kittycattttt post# 103

Tuesday, 02/23/2010 2:56:06 PM

Tuesday, February 23, 2010 2:56:06 PM

Post# of 118
Reorganization Plan:
http://www.kccllc.net/documents/8812019/8812019091218000000000007.pdf

Reorganization plan to restructure over $2.7B of debt.

The Plan is based on fully-commited financing on favorable terms from major financial institutions.

The Plan includes the issuance of additional equity pursuant to a rights offering supported by a fully committed backstop at a level to provide sufficient post-reorganization liquidity to drive future growth.

The Plan provides committed additional future financing from Time Warner that help mitigate the substantial uncertainties posed by 'put" obligations related to the Partnership Parks

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