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02/16/19 9:32 AM

#1494 RE: MattWyl #1457


General Unsecured Debt:
4.00% Convertible Unsecured Notes due 2018: $94.6M
4.25% Convertible Unsecured Notes due 2021 $172.5M
Total General Unsecured Debt: $267.1M


So given that, we know that common shareholders will get any recovery above $267.1M.

We already know that there's been ONE $300M litigation filed on February 1, recovery of which would go to the trust - there could be multiple more lawsuits filed, with a significant amount of recovery in excess of the $267.1M, considering that one case alone was for $300M.

Link to suit filed below:
https://www.law360.com/articles/1124917/aegean-marine-hit-with-suit-over-alleged-300m-fraud