Williams Communications Group - WCG Message Board

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Technology Stocks : Williams Communications Group - WCG

WCG 349.92

+1.4%

Jan 23 4:00 PM EST

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To: Dale Baker who wrote (585)	2/14/2002 9:10:24 PM
From: aknahow	Read Replies (1) of 609

The banks have claimed that Williams violated loan agreements when it repurchased some other outstanding debt. If that is the extent of the matter the banks are upset because assets, (cash), that helped secure the debt to the banks no longer is there to provide such security. Yet paying buying up the bonds at half their original value actually strengthened WCG if it can survive longer term. There are not enough public details to even imagine what type of action Williams can take to satisfy the banks. Disclosure, no position, short or long. Just sort of hope they make it.

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