Replies to post #499481 on Mr Cooper Group Inc fka COOP

[DocKB]

Hi Large,
Could you clarify something for me/us?
You state:

"David Bonderman in early 2008 owned with his Chinese partners 8 billion in preferred

• Of the 8 billion in Preferred Bonderman’s share was 2 billion"

Shares?? not that many preferred existed.......
Dollars??? Even if bought at a premium, the preferreds collectively did not have that value. Let alone that these 'billions' would only be his portion, not the whole lot.

I can't understand the numbers.....

[mattchew]

I agree!

Annex C

Annex C to the Agreement was revised to clarify that holders of Preferred Equity Interests and Common Equity Interests will be issued Liquidating Trust Interests in Tranche 6 on account of those interests when Tranche 2 through Tranche 5 Liquidating Trust Interests have been satisfied in full, and that the distribution to Tranche 6 will be shared 75% and 25% pro rata between claims on account of Preferred Equity Interests and Common Equity Interests, respectively.


Think of the LTIs as a mechanism for the payment of monies owed to creditors of WMB.