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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?

To: Tunica Albuginea who wrote (13981)	8/21/2000 5:22:04 PM
From: donjuan_demarco	Read Replies (1) \| Respond to of 18998

Tunica your despair over Conseco's dwindling prospects has turned you into a real a##hole.

To: Tunica Albuginea who wrote (13981)	8/21/2000 5:32:44 PM
From: Mr. Pink	Read Replies (1) \| Respond to of 18998

Read this and weep. No way Joe Steinberg and Ian Cummings are waiting around to get paid. CONSECO, INC. AND SUBSIDIARIES -------------------- The parent company has significant debt scheduled to become due on or before September 30, 2000, as follows (dollars in millions): Bank credit facility due September 1, 2000................................................... $ 155.0 Potential payment pursuant to guaranteed debt related to directors, officers and key employees stock purchase program due September 1, 2000.................................... 144.4 Bank credit facility due September 22, 2000.................................................. 766.0 Commercial paper due September 22, 2000...................................................... 50.0 Notes payable due 2003, but putable by the holder............................................ 250.0(a) -------- Total................................................................................... $1,365.4 ======== ------------ (a) Such notes payable are putable by the holder prior to the maturity date. The payment of the note is secured by standby letters of credit which may be drawn upon by the holder of the note on August 16, 2000 through September 30, 2000. Because of the time required to complete the sale of assets and other contemplated activities described in paragraph which follows, extension of the Company's bank credit facilities will be required if the Company is to meet its September debt maturities. The Company is currently in discussions with its bank lenders and management is optimistic appropriate extensions can be negotiated. However, there can be no assurance that these negotiations will be successful, or as to the amount, maturity, cost or terms associated with any such extension.