Mr Cooper Group Inc (COOP)

[Mr_Simpson72]

The date of Jan 31st 2017 could be a tipping point as far as WMIH/KKR relationship. AZ has an interesting approach as to why we need to wait past that date so we dont give away the house & instead wait so the WMIH shareholders dont suffer more "cheap" dilution. KKR already got its Warrants for a very decent $1,32 & 1,43 price & the $600 Million WMIHP investment for KKR, Citi & friends... the next 30-60 days will be extremely interesting...deadline march 31st

AZ: "Yes' ... It matters, ... if' ? ... after tuesday, 01/31/2017, WMIH-Corp engages in an "equity rights offerings or other equity issuance" with its originating company, The WMI Estate and its owners' ... KKR doesn't get any of that
KKR's 01/30/2014 ""Notes Purchase Agreement"" was designed to replace the original loan facility provided to the Company by AAOC' ... at the reorganization'
AAOC's original agreement provided for a $125 million dollar loan facility, the first $100 million was restricted, and the remaining $25 million was unrestricted' ... All at a 13% rate of return' if the company used it' ... The Company DID NOT'
KKR's 01/30/2014 "Note Purchase Agreement", which replaced AAOC's original arrangement' ... provided the Company with up to $150 million in PIK notes, all' unrestricted and - IF USED' - all at a 7.5% rate of return' ... Again, The Company DID NOT'
This original 01/30/2014 agreement coming to its three year restricted completion on numerous issues, ... is a very good thing'
AZ