Mr Cooper Group Inc fka COOP

[ron_66271]

The February MOR/RE Settled Class 19’s Claim.

And with a bonus!

75/25% ends with the Retained Earnings. Now worth ~$27 Billion, or 2.7X preferred face value held in Treasury Notes.

That is how the TPS claim of $4 Billion is settled. There is no other mechanism to satisfy the TPS Claim.

Remember that the 70/30% changed from negotiations with the TPS to 75/25%.

The Equity Community Presentation proved $25 Billion on the table to settle all outstanding claims against the estate of Class 22.

APR wasn’t needed anymore because Class 19 has a reserve in place to pay their claims with a bonus!!!
APR removal also means that Class 22 could participate in the issuing of the new WMIH shares before Class 19 claim was satisfied.

As I have said many times before, the 363 Sales Assets are the same Assets in the Equity Community Presentation.

75/25% stops at the RE of 2.7X.
TPS gets $10.8 Billion.



Ron