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survivor Spain

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survivor Spain

Re: UltF post# 103241

Saturday, 09/26/2009 5:48:10 PM

Saturday, September 26, 2009 5:48:10 PM

Post# of 730134
Where do you get 13B+Prefs debt from?

As far as I know WMI's debt is 8B. Most of it very lng term debt (up to 2049). Only 1-1.5 was due in 2009. You are right about the prefs....this is about 3.5-3.7B (interest included)

Again, as far as I know - an maybe I missed something - the rest is WMB debt, and the WMB's debt holders are just trying to be a party in the Bk court to protect their interests ... just in case the outcome put their interest at risk.

Did I miss something relevant here?

Cheers.
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