School Specialty, Inc (fka SCHSQ)

[east600]

If you read the disclosure filings, you will see that they project $40 to $50 million EBITDA for 2014 through 2018. They are also disregarding ANY tax benefit in the calculations. And they want to wipe out equity and 3/4 of the trade receivables?

Still no final decision on the make-whole from what I can see. Or the $1 mil+ claw back on previous prepayment fees.

I guess we will see on Monday.

Late edit - this memo on Monday's agenda (docket 841):
"Objections/Responses Received:
j) Informal Response from the Office of the United States Trustee
Status: The Debtors continue to be engaged in discussions with their key stakeholders to present a consensual disclosure statement and plan and anticipate that further revisions to these documents will be made prior to the hearing. However, this matter may be going forward on a contested basis."