Enron Mail

From:rob.gay@enron.com
To:brett.wiggs@enron.com
Subject:Re: New Pricing on the South American transaction
Cc:
Bcc:
Date:Thu, 21 Dec 2000 08:11:00 -0800 (PST)

It's getting pricey, especially on the fee side. But what are the options at
this point. Peter informs me that we have been limited on talking to banks
which pretty much dilutes our leverage. I also think that the person doing
the negotiating has no accountability to her clients. I think you should
scream bloody murder (perhaps to the new bosses of the region) This is going
to be a huge drain on the P&L.




Brett R Wiggs
11/29/2000 11:57 AM
To: Rob G Gay/NA/Enron@Enron
cc:

Subject: New Pricing on the South American transaction

Rob:

What are your thoughts?

Brett
---------------------- Forwarded by Brett R Wiggs/SA/Enron on 11/29/2000
02:57 PM ---------------------------
From: Cheryl Lipshutz@ECT on 11/28/2000 02:45 PM CST
To: Brett R Wiggs/SA/Enron@Enron, Peter N
Anderson/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Tracee Bersani/HOU/ECT@ECT
cc: Kelly H Boots/HOU/ECT@ECT, Sarah Heineman/HOU/ECT@ECT, David
Mitchell/HOU/ECT@ECT, robtaylor@andrews-kurth.com
Subject: New Pricing on the South American transaction

Brett,
Below please find confirmation of what we verbally spoke of a few minutes ago
relating to the pricing of this facility:

Underwriting Fees: 50bp on each bank's allocated underwritten commitment
amount of the Tranche A amount of $430.75MM in total
Spread: 18 bp facility fee irregardless of usage on the entire Tranche
A facility size
82 bp Applicable margin on any borrowed amounts of
the Tranche A facility

Up Front fees to the Syndicate banks: expected to be in the 35bp - 45bp
range at final syndication.