EFTA02408571Dataset 11
7p870w
…Scenario Analysis PROJECT KENNEDY Post-acquisition of the debt, the following scenarios could play out... Leverage Covenant ' PASS FAIL (difficulty envisaged Q3/Q4 2010) • Company enters Administration Liquidity Covenant PASS FAIL 1 (difficulty envisaged O2/Q3 2011) • Pre-pack sale to Consortium Refinance of Debt Refinance Unable to fully (May 2012) Refinance Debt holders repaid in full plus coupon • Should Kennedy pass all covenants and be able to refinance the Debt facility, then Debt holders will be repaid in full…
https://www.justice.gov/epstein/files/DataSet%2011/EFTA02408571.pdf