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Re: None

Friday, 05/03/2019 7:32:08 PM

Friday, May 03, 2019 7:32:08 PM

Post# of 6770
need help understanding what this means how does the numbers add up and what is left for us... it does mention that what ever is left over will be for the holders, does the 40 mil and the 25 mil add onto the original 300 mil??

(a) payment in full in cash of all administrative and priority claims;
(b) payment in full or the reinstatement of all secured claims;
(c) payment in full in cash of all unsecured claims at Reorganized Debtor subsidiaries of Aegean;
(d) payment of $40 million in cash and 100% of the net proceeds of the Litigation Claims until paid in full to the holders of Aegean Unsecured Claims, and
(e) after the Aegean Unsecured Claims are paid in full, holders of Interests in Aegean to receive the remaining 100% of the net proceeds of the Litigation Claims. In approximately one month of negotiations, Amex and the Committee increased the recoveries to unsecured creditors of Aegean by at least $25 million in cash proceeds and proceeds of Litigation Claims potentially worth $300 million.

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