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Re: StrategyTrader post# 14991

Monday, 01/21/2019 3:44:53 PM

Monday, January 21, 2019 3:44:53 PM

Post# of 37346
StrategyTrader I can see now that I am not going to have time to research this so I will ask the board for help.

What I am looking for is to see if what was posted at another time is accurate. I have my doubts if this is accurate so I pulled a post of mine this morning as I got to thinking maybe someone inserted the line highlighted in red below. Unfortunately, I have had to go back and check filing on another board due to less than honest posters.

This is so important to most that I did not want to post UNLESS accurate. Once you see my highlighted part of the post below you will understand why I want to make sure this was part of the original filing or if someone else INSERTED this highlighted piece to make it read something ENTIRELY different.

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The Purchase Agreementprovides for a total purchase price of approximately $5.2 billion, comprised of: $850 million in cash to be funded with the proceeds of a new $1.3 billion ABL Commitment; a credit bid of approximately $1.3 billion; the roll-over of (and release of the Debtors with respect to) approximately $621 million of senior indebtedness; the assumption of all of the outstanding liabilities of the SRC Entities, in the amount of approximately $592 million; $35 million in cash in consideration for the release and settlement of certain claims by Debtors; the assumption of up to $166 million of payment obligations with respect to goods ordered by the Sellers prior to the closing of the Going Concern Transaction (but as to which goods the Sellers have not yet taken delivery and title prior to closing); the assumption of up to $139 million of 503(b)(9) administrative priority claims; the obligation to reimburse the Sellers for up to $43 million of additional severance costs to be incurred by the Sellers; the assumption of all cure costs related to contracts to be assumed by Transform Holdco (estimated to be up to $180 million); the assumption of up to $134 million of property taxes with respect to the properties to be acquired by Transform Holdco; the obligation to pay up to $19 million in transfer taxes; the assumption of approximately $4 million in mechanics’ liens; up to $17 million in cash to purchase cash in store registers as of the closing of the Going Concern Transaction;share structure to remain intact; and the assumption of approximately $1.1 billion of assumed liabilities with respect to certain protection agreements, gift cards and accrued points under the Shop Your Way program.

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