WCOM Message Board - Msg: 18427124

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Technology Stocks : WCOM

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To: Paul Berggren who started this subject	1/10/2003 9:47:23 AM
From: sharesighted	Read Replies (1) of 11568

$41 Billion Debt always referred to was the.. BondDebt + AccountsPayable + Credit Facility. This did NOT consider AccountsReceivable or unused portions of the Credit Facility. $30.750B in Bonds (now updated to $27.684B) $05.000B in Payables (offset by $5.5B in Receivables) $02.600B in credit facility (drawn) $01.600B in credit facility (I believe not drawn) $01.200B in credit facility (not drawn) $41.150B in Total Debt Payables/Receivables figures were at the beginning of the BK, but should somewhat balance out. Credit facilities will be combined into one $4 Billion. I believe they will retire the rest of the MCI & Inermedia Bonds. Which will leave them $24.3 Billion in Bond Debt. The maturities should be negotiated to a more favorable status. The back payments of the interest is the remaining problem. Could be about $2 Billion by emergence. Would a swap with preferred shares do the trick? Could this leave the commons intact? They may not swap all debt for equity if the Bond Holders believe the market for this stock is a pariah? Re-Org must be voted on.

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