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Technology Stocks : DOCI DecisionOne Announces Corporate Restructuring 1/29/99
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To: Debbie777 who wrote (8)12/10/1999 10:07:00 PM
From: Sethpop  Read Replies (2) of 25
 
Stock is worth Z E R O

Suggest you learn about restructurings and do your financial homework. All of the company's common stock is being given to the creditors. Please see company's own website under news/restructuring (www.decisionone.com)

DECISIONONE CORPORATION REACHES AGREEMENT IN PRINCIPLE
WITH BANK GROUP ON DEBT REDUCTION

FRAZER, PA, August 2, 1999 ? DecisionOne Corporation today announced that it has reached an
agreement in principle with its bank lending group on the restructuring of its indebtedness.

Under the terms of the agreement, the bank lending group would exchange approximately $523
million in existing indebtedness for 95 percent of the company?s equity and $250 million in new senior
secured bank debt. The agreement further provides that the holders of the company?s 14% Senior
Notes due 2006 would exchange their Notes for warrants for 7 percent of the company?s fully diluted
equity. The warrants are exercisable at a total DecisionOne equity valuation of $100 million. The 14%
Notes are held by DLJ Merchant Banking Partners II.

The holders of the company?s 9-3/4% Senior Subordinated Notes due 2007 would exchange their
Notes for 5 percent of the company?s equity. Neither the holders of the 11-1/2% Senior Discount
Debentures due 2008 issued by the company?s parent, DecisionOne Holdings Corp. (OTCBB-DOCI),
nor the holders of the common stock of the parent would receive any distribution under the terms of
the agreement.
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