Mr Cooper Group Inc (COOP): Correct. WMIIC was a "Guarantor" of t...

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Re: mordicai post# 505137

Sunday, 01/21/2018 3:03:44 PM

Sunday, January 21, 2018 3:03:44 PM

Correct.

WMIIC was a "Guarantor" of the original "Financing Agreement" dated as of March 19, 2012 between WMI Holdings Corp and Owl Creek, Appaloosa, Centerbridge, Aurelius.

That "Financing Agreement" was terminated in January 2015, in lieu of the $600 million "Offering".

I have seen no filings that show WMIIC being a "Guarantor" for the $600 million "Offering".

WMIIC did not guarantee the Series B. Ever. It guaranteed the Pik notes with KKR. See note 9
2014 10K
https://www.sec.gov/Archives/edgar/data/933136/000156459015001104/wmih-10k_20141231.htm

And if the proceeds were to be put in wmiic, if default ever occurred a guarantee would allow the lender to go after wmiic as well.

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