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发表于 2010-10-11 20:04:17
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纳兰宇姮 发表于 2010-10-11 19:49 
回复 飞扬清婉 的帖子
但是现在不是说抵押吗,到底抵押的神马?
遗产公司提交给法院的报告里有相关内容。
11. Debt restructure. At the time of Michael Jacksons death, the primary assets of the Estate, (MiJac music and Michael Jacksons interest interest in SONY/ATV), were highly leveraged. Michael had used MiJac music as security for two loans, one issued by HSBC ("the HSBC loan") and the other issued by Plainfield Asset Management ("the Plainfield loan"). The Plainfield interest rate was ___%. The cumulative balance due at the time of Michael Jacksons death on both loans were approximately __. Both loans were scheduled to mature in 2011.
MiJac Music. In December 2009, the special adminstrators succesfully negotiated with HSBC to refinance and restructure the HSBC loand and the Plainfield loan into a new loan ("the HSBC Agreement"), with more favorable terms, including a reduction in the interest rate, which will save the Estate approximately ___% per month. In addition, the special adminstrators restructred the loan in a manner that will allow the Estate to use all of the interest payments (rather than only a portion of the interest payments) as an income tax deduction, resulting in further savings to the Estate of approximately $3 million in taxes over a five year period. The financing transaction was approved by this Court pursuant to its order entered December 8, 2009.
SONY/ATV. Michael had also pledged his fifty percent interest in SONY/ATV as security for a loan issued by Barcalys Capital. At the time of Michael Jacksons death, the balance due on SONY/ATV Loan was approximately $___ dollar. The loan matures on December 3, 2010. The loan is further secured by a guranty given by Sony Global Treasury. In exchange for securing Sony's guaranty, Michael Jackson was required to give up significant rights to control and/or sell his interest in SONY/ATV as well as granting SONY protections in the event of default.
The special adminstrators have recently completed successful negotiations with UBS to refinance the loan secured by the Estate's interest in SONY/ATV as well as extensive negotiations with Sony to complete the refinance transaction. The special adminstrators task was challenging. The negotiations resulted in an amended agreement with Sony to great benefit of the Estate and a new loan at a substantially lower interest rate for the Estate, which is locked in for the period of the time. |
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