Replies to post #718685 on Mr Cooper Group Inc (COOP)

[MadBadger]

Good morning Lodas, let me share this since you’ve been posting about impaired classes in Plan 6 and Amended Plan 7.
What Is an Impaired Creditor?

In your Chapter 11 plan of reorganization, you must label each of your creditors as “impaired” or “unimpaired.” A creditor’s claim is impaired if you change the original debt terms in a negative way, such as reducing the interest rate or lengthening the pay-out period.

As it has been posted on the board the Preferred changed their interest rates from 72.5% to a lower amount and the amendments to the liquidation trust agreements changed the timeframe and waterfall order.