Winstar Comm. (WCII) Message Board

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Technology Stocks : Winstar Comm. (WCII)

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To: MARK JALBERT who started this subject	9/23/2000 9:43:53 AM
From: gruetz	Read Replies (1) of 12468

re Winstar credit facilities: The reporting of Merrill's conversation with Rouhana only refers to $400 mln in cash and $650 remaining on the Lucent facility. Wasn't there a very large bank credit facility put in place during the spring? In his 4/17/00 report entitled Market Tremors Don't Shake Strong Secular Telecom Trends, Grubman shows Winstar having credit facilities of $2.74 billion. I would think this was comprised of the full $2 billion Lucent facility (with $260 mln used) and a $1 bln bank facility. Anybody have any better info?

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