Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : John, Mike & Tom's Wild World of Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Logain Ablar who wrote (2554)	10/26/2001 3:25:25 PM
From: John Pitera	Respond to of 2850

thanks for the Schaeffer article. I posted an article just before this that talks about some of the debt. If the offers for the bank debt are at 94 cents, the sellers of it are not that motivated, YET. but they may be soon. But fixed-income sources noted some offers Friday for Enron's bank debt at around 94 cents* on the dollar, still well-above distressed levels.* we don't always get to study companies with commercial paper backstop and revolving facilities, particularly when the company is under credibility stresses. -------Among the Enron bank debt that comes due in May 2002 is a $1.75 billion 364- day commercial paper backstop facility. The company also has a $1.25 billion revolving facility that's due in April 2005, according to Loan Pricing Corp. in New York.------ It's interesting that some of the ENE write downs and write offs were for it's broadband business, which everyone knew it had, that was part of what gave ENE a high valuation, And everyone also knows that the broadband assets have come down in value big time in the past year and a half. by the way I've been trying to post all of these ENE stories back to back so that we can read right through the "documentation" trail..... IF ENE really blows up, I may have to write something about it, as it'll be a pretty spectacular flameout!