... The ((the)*Mr Cooper Group'), Companies "Accounting" is now finally in a position to include, and is able to include ... "WMIH and its Subsidiaries" ... now that the WMI Bankruptcy "Cases" have been closed', ... (12/20/2019)
the time period being discussed in the text', by the "Lead Arrangers", is the reporting period "As Of 12/31/2018", the year ending right after the Acquisition of NationStar ... which occurred' during the 3rd quarter of 2018' ...
An SEC year ending 10-K is a companies financial reporting time period, ... So, while the BK "Cases" remained open', the valuations of the reorganized WMI', "WMIH and its Subsidiaries" were NOT Included ... Not For year ending 2018', and Not For year ending 2019' ... as the Cases were not "Closed" until 12/20/2019' ...
5. The Lead Arrangers shall have received
(a) a pro forma statement of income of WMIH and its subsidiaries for the most recently completed fiscal year ended at least 90 days before the Closing Date;
(b) a pro forma statement of income of WMIH and its subsidiaries for the latest interim period covered by the financial statements provided pursuant to Section 4(b)(i) above;
(c) a pro forma balance sheet as of the most recently completed fiscal quarter ended at least 45 days before the Closing Date (or 90 days prior to the Closing Date in case such four fiscal quarter period is the end of WMIH’s fiscal year) and
(d) a pro forma consolidated income statement of WMIH and its subsidiaries for the 12-month period ending on the last day of the most recently completed four-fiscal quarter period ended at least 45 days prior to the Closing Date (or 90 days prior to the Closing Date in case such four fiscal quarter period is the end of WMIH’s fiscal year), in each case, prepared after giving effect to the Transactions as if each such transaction had occurred as of such dates (in the case of such balance sheet) or at the beginning of such period (in the case of such income statement), which need not be prepared in compliance with Regulation S-X of the Securities Act of 1933, as amended, or include adjustments for purchase accounting (including adjustments of the type contemplated by Financial Accounting Standards Board Accounting Standards Codification 805, Business Combinations (formerly SFAS 141R)).
Again, ~ No Concern Is Needed, Not For Those Of Us That Released to “Participate” Anyway ~
as I’ve posted,
“We, were all equally given an opportunity to "Participate" in the WMI reorganization, with a submission of ones release' and receipt of ones DTC issued ESC Cusips ... the failed "6" had the IPO's participation’ restricted to the chosen few' ...
... Judge Walrath simply capped the WMI Holding Companies last creditor, the 16’s, and then placed “Everyone” on the exact very same level field of Participation ... all one needed to do was ? ... actually have or gain ownership of the equity classes’ and then submit a release form ... in order to “participate” ...
It’s all finally coming to an end, ... as the “Lead Arrangers”, are correcting the Accounting to now “Include” ... WMIH and its Subsidiaries” ...