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To: jim_p who wrote (16223)12/27/2002 4:50:40 PM
From: aerosappy  Read Replies (1) | Respond to of 206085
 
jim,

<<Most debentures have a trustee and the trustee is not authorized to modify any of the terms.>>

Interesting how PGS selected a law firm to represent the bond holders:

"As a part of this dialogue, the U.S. law firm of Bingham McCutchen LLP has been engaged to act on behalf of the bondholders to assist in communication between the bondholders and PGS, and any bondholders who wish to participate in this dialogue should contact Bingham
McCutchen for further details."