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Post# of 37346
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justthefactsmam

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justthefactsmam

Re: None

Friday, 02/01/2019 7:44:12 PM

Friday, February 01, 2019 7:44:12 PM

Post# of 37346
the following is from the transcript of the auction:

In addition, there have been extensive discussions concerning a release, and I will now describe the terms of the release that ESL has proposed. For a 35 million dollar cash payment at closing, ESL would be permitted to credit bid all of its debt claims that would be allowed and there would be no collateral attack on any conversion of the debt into NewCo equity or any transactions that are approved by the court.
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