Replies to post #433699 on Mr Cooper Group Inc (COOP)

[bkshadow]

zulual, where do you see TPG preferreds...

...in the Class of claims?

Preferred Stock

The Company issued 56,570 shares of preferred stock at a purchase price and liquidation preference of $100,000 per share. The preferred stock consisted of 19,928 shares of Series T Contingently Convertible Perpetual Non-cumulative Preferred Stock issued to TPG Investors and 36,642 shares of Series S Contingently Convertible Perpetual Non-cumulative Preferred Stock issued to Other Investors ("Series S and Series T Preferred Stock"). The conversion price of the Series S and Series T Preferred Stock was $8.75 per share. The recorded amount of the Series S and Series T Preferred Stock, based upon an allocation of the total proceeds, was $5.01 billion, net of issuance costs. All of the Series S and Series T Preferred Stock issued in April 2008 were converted into the Company's common stock on June 30, 2008. Prior to the conversion, the conversion prices of the Series S and Series T Preferred Stock were subject to anti-dilution adjustments.

[BBANBOB]

They were NOT a preferred holder anymore ,they flipped and went to commons!!!!!!!!!! Just another point in the mix as well NOBODY LEAVES A PREFERRED POSITION TO MOVE TO COMMONS!!!!!!!!! HELLOOOOOOO preferred in its name alone says what it is PREFERRED!!!!!!!!!