Mr Cooper Group Inc (COOP)

[newflow]

WHY DID WMILT UPDATED FAQ - ARE WE GETTING CASH?

Runoff Notes
a. What are Runoff Notes?
As defined in the Plan, Runoff Notes are two series of non-recourse notes, in the
aggregate original principal amount of $130,000,000, which accrue interest at 13.0%
per annum and mature in 2030. The Runoff Notes were issued on the Effective Date
by Reorganized WMI and were either (a) distributed to Entities electing distributions
of Runoff Notes in lieu of Creditor Cash on the Effective Date or (b) to the extent
unavailable for distribution to Entities in accordance with such elections, constituting
Liquidating Trust Assets. Interest on the Runoff Notes is payable either in (a) in cash
to the extent available or (b) payable in kind through capitalization of accrued
interest. Repayment of the Runoff Notes is secured by a securities or deposit account
into which Reorganized WMI deposits distributions of Runoff Proceeds, from time to
time as available.
b. Status of the Runoff Notes
Reorganized WMI recently announced that on or about September 30, 2017, all
remaining issued and outstanding Senior Second Lien Runoff Notes will be redeemed
in full. The Liquidating Trust will treat any cash it receives in connection with such
redemption in accordance with the Plan and the Liquidating Trust Agreement and
such treatment may include the distribution of such cash and/or holding back such
cash in order to fund the Trust’s operations.

http://www.kccllc.net/documents/8817600/8817600170920000000000001.pdf