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Re: Roach58 post# 490900

Friday, 10/06/2017 5:24:32 PM

Friday, October 06, 2017 5:24:32 PM

Post# of 730542
It's about the satisfaction and discharge of the Second Lien Indenture and the consequent release of the lien on the assets of the Company that secured the Second Lien Notes:

Item 1.02 Termination of a Material Definitive Agreement

As previously reported, on March 19, 2012, WMIH Corp. (successor to WMI Holdings Corp. and Washington Mutual, Inc.) (the “ Company ”) issued $20 million aggregate principal amount of its 13% Senior Second Lien Notes due 2030 (the “ Second Lien Notes ”) under an indenture, dated as of March 19, 2012, between the Company and Delaware Trust Company, successor to The Law Debenture Trust Company of New York, as trustee (“ Trustee ”), as amended by that certain First Supplemental Indenture, dated May 11, 2015, by and among WMI Holdings Corp., WMIH Corp. and Trustee (collectively, the “ Second Lien Indenture ”).

The Second Lien Notes have been fully redeemed by the Company and in connection therewith, the Second Lien Indenture was satisfied and discharged as of October 2, 2017 as provided under the terms of the Second Lien Indenture, which resulted in the release of the liens on the assets of the Company that secured the Second Lien Notes.
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