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Non-Tech : Auric Goldfinger's Short List -- Ignore unavailable to you. Want to Upgrade?


To: RockyBalboa who wrote (11472)4/3/2003 10:00:06 AM
From: Kevin Podsiadlik  Respond to of 19428
 
Knowing them, they want the person who owns the phone more than they want the phone.

Actually, most of our embedded journalists' reports come via sat-phone. And interestingly, the US military has also put a ban down on certain brands of sat phones, due to their GPS capabilities.



To: RockyBalboa who wrote (11472)4/8/2003 12:24:55 PM
From: TeamTi  Read Replies (2) | Respond to of 19428
 
FAO Plan Confirmed
FAO, Inc. received confirmation of its Plan of Reorganization from the U.S.
Bankruptcy Court. As part of its Plan of Reorganization, the Company stated
that it had received a commitment for up to $77 million in bank financing to
be used to fund the Company's operations once the Plan becomes effective.
The bank financing includes a $67 million revolving credit facility being
provided by a group of banks led by Fleet Retail Finance, Inc. and a $10
million term loan being provided by Back Bay Capital Funding, LLC. In
addition, the Company has received agreements for the purchase of $30
million in convertible preferred stock from a group of investors led by
Kayne Anderson Capital Advisors, L.P. After issuance of the preferred stock
and securities issued to creditors under the bankruptcy plan, existing
equity holders are expected to retain approximately 11% of the Company's
outstanding equity on a fully diluted basis. The exact percentage retained
will depend on the final amount of preferred stock the Company issues at
closing.
> For more information on FAO:
> www.bankruptcydata.com/BDR.asp?ID=1945