Mr Cooper Group Inc (COOP)

[warcton]

That is what the POR had in prior versions, I haven't checked the 7th version. Rosen and gang wanted that golden parachute for Senior Creditors all along.

I would be surprised if the EC allowed that clause to stand.

The FJR to Contract Rate difference is pretty huge and would be devastating to equity if it comes out of our waterfall.

It also negates the victory of our FJR verdict from JMW.

If we were to give Senior Notes contract rate(effectively), I would at least expect us to be able to re-age their notes and use that $7bil(roughly).