posted August 17, 2007): Is there a summary of all Interim Distributions made over the course of the case, and how much post-petition interest remains unpaid?
Yes. Our financial advisors have prepared a Summary of Distributions to Bondholders and Other Creditors, which you may access by clicking on the foregoing link. The Summary reflects the aggregate amounts of claims allowed, post-petition interest accrued, and payments made to the holders of Senior and Subordinated Debt and to other Creditors in each of the nine Interim Distributions, including the amounts paid in respect of the Subordinated FDIC Claims and 48% Guarantee Reserve as required by the Global Settlement Order. The Summary also reflects the post-petition interest that remains unpaid for each of the foregoing creditor groups. Note, however, that in accordance with the Global Settlement Order the Summary calculates post-petition interest at the rate of 5.57%, and that if the case is converted to a case under Chapter 11 the effective interest rate may be adjusted and recalculated as provided in the Global Settlement Order or a Chapter 11 Plan.
