Joe - This may help from prospectus:
RISKS RELATED TO THE PREFERRED SECURITIES
THE TRUST MAY BE UNABLE TO MAKE DISTRIBUTIONS ON THE PREFERRED SECURITIES IF
WE DEFAULT ON OUR SENIOR DEBT BECAUSE OUR OBLIGATIONS TO PAY ON THE DEBENTURES
AND THE GUARANTEE ARE JUNIOR TO OUR PAYMENT OBLIGATIONS UNDER OUR SENIOR DEBT.
Because of the subordinated nature of the guarantee and the debentures, we:
- will not be permitted to make any payments of principal, including
redemption payments, or interest on the debentures if we default on our
senior debt, as described under "Description of the
Debentures -- Subordination" in this prospectus,
- will not be permitted to make payments on the guarantee if we default on
any of our other liabilities, including senior debt, other than
liabilities that are equal or subordinate to the guarantee by their terms
as described under "Description of the Guarantee" in this prospectus, and
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- must pay all of our senior debt before we make payments on the guarantee
or the debentures if we become bankrupt, liquidate or dissolve.
The preferred securities, the guarantee and the debentures do not limit our
or our subsidiaries' ability to incur additional indebtedness, including
indebtedness that ranks senior to the debentures and the guarantee. As of June
30, 2000, we had approximately $2.16 billion of senior debt.
