Loral Space & Communications Message Board

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Technology Stocks : Loral Space & Communications

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To: SafetyAgentMan who wrote (8483)	10/14/2000 7:58:59 PM
From: KyrosL	of 10852

SAM, The idea that if Loral assumes the B of A loan it automatically loses $500 million is nuts. If G* does not go BK, Loral loses nothing. If G* does go BK, the B of A loan is a substantial proportion of G* debt load and Loral will get a proportional share in equity of the post-BK G* entity, which, unburdened by debt, can really fly -- they will be able to sell minutes at terrestrial per minute prices. I believe that in a G* BK situation, Loral will get substantially more than $500 million in relatively short order. Kyros

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