Wait a minute .... the way I understand it, that 5,2 bln will be swaped into Archstones preffered stock not LBHI's if I read the docket 8836 right. That 5,2 billion is in Archstone's balance sheet and to get rid of 150 million interest payment they need to to the swap.
from the docket:
"In connection with the acquisition of the Archstone LCPI, BAC and BARCL (collectively, the co-sponsors) provided secure financing ..... "
We are talking about that financing to be swapped into preferred shares of Archstone.
Please, please correct me if i,m wrong.
