Replies to post #641194 on Mr Cooper Group Inc (COOP)

[JusticeWillWin]

I cannot find any documents showing that WMIIC or "WMI Investment Corp." was guarantor for this $2.75 billion (not $2.5 billion) bridge loan. But WMIIC was definitely a guarantor for this initial $75 million (which is far less of course) loan after exiting Ch11. This was terminated later, and here you can see that WMIH was the borrower, and WMIIC the guarantor

https://www.sec.gov/Archives/edgar/data/933136/000119312515001790/d845621dex103.htm

I would like to see any documents showing that WMIIC was also guarantor for the $2.75 billion bridge loan...

EDIT: Found this sentence for the bridge loan

https://www.sec.gov/Archives/edgar/data/933136/000119312518045940/d539539dex105.htm

All obligations of the Borrower (the “Obligations”) under the Bridge Facility (the “Bridge Obligations”) will be unconditionally guaranteed jointly and severally on an equal priority senior unsecured basis (the “Guarantees”) by WMIH and each existing and subsequently acquired or organized direct or indirect wholly-owned U.S. restricted subsidiary of WMIH

Of course this includes WMIIC, and all other previously owned subsidiaries (by WMIH), as well as all newly acquired subs like Nationstar itself (which had 14 or 16 billion in assets at that time (of course also liabilities) if I remember correctly).
But it does not mention WMIIC explicitly...

Your post:

The timeframe if anything is to happen is totally out of anyone's hands so whomever wants to believe in date predictions that's on them.

As far as the info presented I have one major caveat, IF what was posted about the KKR Private Offering docs is true, then yes I am willing to give Z the benefit of the doubt.

What also gave me food for thought was the reminder that the supposedly ""asset-less"" WMIIC was the GUARANTOR of the ?$2.5B? loan to WMIH.

That always puzzled me since a GUARANTOR needs to essentially own substantial assets to be able to assume the payments in case the borrower, WMIH, defaults.

Not 100% sold but rather watching very closely.

Also a huge day on the AG battlefront....hopefully this sham is finally put to rest once and for all!!!

[PickStocks]

We hope

[BBANBOB]

HM

"""Also a huge day on the AG battlefront....hopefully this sham is finally put to rest once and for all!!!""

You do mean the SHAM of placing the underwriters where they are NOT ALLOWED to be placed Class 19 and properly placed in Class 22 or TOTALLY KICKED to the CURB!!!!!!!!

This is EXACTLY WHAT DA BOYZ are risking today!!

BEING KICKED TO THE CURB!

Today is a big day for DA BOYZZZZZ , do the take their chances and allow their destiny to be determined by 3 Judges on an AP's court, or do they settle before the hearing or do they allow court to render it's decision, and then settle or do they just stay on the ride and take their chances?????????

AND LOL since the BULK of the ESTATE is as has been suggested here, GOING to the CLASS 22 interests and NOT the P's, one would think imho that they would GLADLY TAKE CLASS 22.......

DON'T ADD UP DO IT???????????????