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Enron Mail |
No. The GP contribution is enough. I don't want to go to Jeff for another
$2 million. From: Rod Hayslett/ENRON@enronXgate on 04/27/2001 06:37 AM To: Stanley Horton/Corp/Enron@Enron cc: Subject: FW: NBP Unit Offering It looks like our GP contribution will be about $2.5 MM. Do you still want to get another $2 MM on top of that? The second part of his message is the potential NB unit TOtal Return Swap, or monetization that we have been working on. -----Original Message----- From: Peters, Jerry Sent: Thursday, April 26, 2001 9:20 AM To: Hayslett, Rod Cc: Jesse, John Subject: NBP Unit Offering I did get your voice mail on the potential placement of $2 million in units with Enron and we're working that into things. Our attorneys commented that the legal fees to accomplish that (when we have a public offering going on) may "chew up" the benefits. But that is their normal reaction - I don't think there will be any problem in accomplishing the placement. Most likely it will need to be priced simultaneously with the offering to avoid any perceived "insider" pricing benefit. But - do you think that will cause problems internally on the DASH? The GP contribution will be about $2.5 million. My concern is RAC will require the $2.5 million GP investment to be combined with the $2 million in LP units, which I believe will trigger Skilling's sign-off. On the FAS 125 idea, we have a structure that has been proposed by SunTrust that I need to review with you and someone in EGF. I was planning on setting that up after our road show is completed on about 5-17, unless that needs to be accomplished sooner. Let me know about timing and who you think should be involved (I was going to raise this with Ben Glisan in the next few weeks at his staff meeting).
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