Mr Cooper Group Inc (COOP)

[Royal Dude]

Next step if they follow through if not, we have been duped. IMO

"Settlement date is September 18, 2023."

"The following details of the credit event pertain only to transactions confirmed under the ISDA 2014 Credit Derivatives Definitions: - The Trade Information Warehouse (the “TIW”) will support electronic delivery of Credit Event Notices through the “Restructuring Credit Event Notice Facility” beginning September 5, 2023. - The exercise cut-off time for sellers submitting triggers is September 6, 2023, at 4:00 pm London time. - The exercise cut-off time for buyers submitting triggers is September 11, 2023, at 4:00 pm London time. - The Determinations Committee statement on April 28, 2023, announcing the maturity buckets will apply. (https://www.cdsdeterminationscommittees.org/.../emea-dc.../). - Following the exercise cut-off time on September 11, 2023, the TIW will automatically spin-off any Partial Trigger Resulting Transaction with a status of “certain” into untriggered and triggered amounts by maturity bucket. - Determinations Committee has resolved that no auction will be held in respect of transactions other than those in “bucket 1”. For transactions in other maturity buckets, buyers may exercise the movement option commencing on September 12, 2023 until the cut-off date of September 13, 2023, at 4:00 pm London time. - September 14, 2023, is the date for the deemed auction in respect of “bucket 1” transactions with an auction final price of 100 percent. - The settlement date is September 18, 2023."

CDSDETERMINATIONSCOMMITTEES.ORG
Credit Derivatives Determinations Committee »

https://www.dtcc.com/-/media/Files/pdf/2023/9/1/TIW795.pdf