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Enron Mail |
I want to go through a list of each counterparty we think is going to go into bankruptcy and what we are doing to prepare for that. Thanks. Mark
-----Original Message----- From: Mellencamp, Lisa Sent: Monday, August 27, 2001 8:50 AM To: Schuler, Lance (Legal); Haedicke, Mark E.; Krautz, Michael Subject: FW: DTI Holdings, Inc. Importance: High -----Original Message----- From: Wilhite, Jane Sent: Monday, August 27, 2001 8:38 AM To: Thapar, Raj; Brysch, Jim; Mellencamp, Lisa Cc: Rohauer, Tanya; Pearce, Barry Subject: DTI Holdings, Inc. Importance: High DTI Holdings, Inc. could file for bankruptcy at any point in time. The Company is solely dependent upon financing from it's parent, KLT Telecom Inc. The board of KLT has been advised that they have no further obligation to fund the remaining $30.5MM of availability under the Credit Facility. Even if DTI Holdings received the remainder of availability under the Credit Facility it would only last 1-2 quarters (through the end of the calendar year) due to a cash burn rate from operations of approximately $15MM and capex of approximately $12MM for the 2Q01. The Company also has a demand loan to its parent of $94MM and interest payable of $4.7MM. If you would like to discuss further please feel free to call. Jane Wilhite ext. 35063
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