Do coincidences exist? It´s very possible the following entities
Credit Suisse AG Credit Suisse Securities (USA) LLC Jefferies Finance LLC Deutsche Bank AG Cayman Islands Branch Deutsche Bank Securities Inc. HSBC Bank USA National Association and HSBC Securities (USA) Inc
...that have given WAND the $2.75 Billion financing for WMIH-NSM Merger are probably Trustees that hold Certificates of WAMU mortgages that belong to the Estate of WMI
Quote Doo_Dilettante:
Looks like all the instutions involved in the financing of the merger with $2.75 billion are WAMU/LB certificate holders at the same time:
On February 12, 2018, Wand Merger Corporation entered into a debt commitment letter, which we refer to in this joint proxy statement/prospectus as the “debt commitment letter”, with Credit Suisse AG, Credit Suisse Securities (USA) LLC, Jefferies Finance LLC, Deutsche Bank AG Cayman Islands Branch, Deutsche Bank Securities Inc., HSBC Bank USA, National Association and HSBC Securities (USA) Inc. (who we refer to collectively as the “commitment parties”), pursuant to which, subject to the conditions set forth in the debt commitment letter, the commitment parties committed to provide to Wand Merger Corporation a one-year senior unsecured term loan bridge facility of up to $2.75 billion (which we refer to as the “bridge facility”), which, if funded, is convertible on the first anniversary of the funding date thereof into (i) a $1.0 billion tranche of five-year term loans, (ii) a $1.0 billion tranche of eight-year term loans and (iii) a $750.0 million tranche of ten-year term loans. In lieu of the bridge facility, Wand Merger Corporation may elect to issue up to $2.75 billion of senior unsecured notes, which will reduce the amount of the bridge facility by the amount of senior unsecured notes issued. The proceeds of the bridge facility and/or the senior unsecured notes (which we refer to as the “debt financing”) will be used (i) to pay the cash portion of the merger consideration, (ii) to redeem, repurchase, repay, discharge or defease certain existing indebtedness of Nationstar and its subsidiaries and (iii) to pay related fees and expenses. For a more complete description of WMIH’s debt financing for the merger, see the section entitled “ Description of Debt Financing ” beginning on page 184.