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Non-Tech : GENI: GenesisIntermedia.com Inc
GENI 2.5100.0%Nov 5 4:00 PM EST
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To: Pink Minion who wrote (151)6/29/2001 11:06:02 AM
From: Dale Baker  Read Replies (2) of 574
 
Icahn just wants to make some fees - looks like they won't pay up for any stupid schemes:

Consummation of any financings under the facility is also subject to a number of conditions, including credit review of potential acquisition targets, lender due diligence of the acquisitions and other conditions to be set forth in the definitive credit agreement.


I would be surprised if GENI ever gets to draw down even a fraction of this credit line. If they do, you can be sure all tangible assets will be secured back to Icahn.
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