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Enron Mail |
I have cleared with Global Finance Management and the list is acceptable from
that standpoint. From: Jerry Peters 03/01/2000 03:48 PM To: Stanley Horton/Corp/Enron@Enron cc: Cindy Stark/Corp/Enron@Enron, Larry DeRoin/NPNG/Enron@ENRON, John Jesse/NPNG/Enron@Enron, Rod Hayslett/FGT/Enron@ENRON Subject: NBP Financing RFP's Attached is a draft of the RFP for the NBP debt financing. We recommend sending this RFP to: A.G. Edwards Banc One Bank of America Bank of Tokyo CIBC SunTrust These institutions are either agents for a NBPL or NBP credit facility and/or recently have indicated a strong interest in doing future business with NBP. In recent discussions, several firms have advised NBP to proceed with a public market transaction for the term debt. Given their predilection for private placement debt, A.G. Edwards has been included so that we get two views on the appropriate market for the term debt issue. You will note we have not including Lehman Brothers in our recommendation. As I indicated to you last week by e-mail (see attached), we are focusing on commercial banks to improve their relationship profitability to incent them to be more committed with immediate funding for acquisitions. We have reviewed this approach with Jeff McMahon's group (through Charles Delacey) and they concur. I am not aware of the "chits" that may be owed Lehman (or other I-banks) but our thought was if our last deal cleaned the slate we would concentrate on our commercial bank relationship strategy. Certainly Lehman would have an opportunity to play in future deals, especially equity. I will be travelling Thursday and Friday so please leave word with John Jesse (402)398-7843 if this list is acceptable. If you would like to discuss please leave me a message and I will call you from NY. ---------------------- Forwarded by Jerry Peters/NPNG/Enron on 03/01/2000 03:36 PM --------------------------- From: Jerry Peters 02/25/2000 12:56 PM To: Stanley Horton/Corp/Enron@Enron cc: Cindy Stark/Corp/Enron@Enron, Larry DeRoin/NPNG/Enron@ENRON, John Jesse/NPNG/Enron@Enron Subject: NBP Financing RFP's Just to give you a "heads-up" we are preparing a request for proposal for lead managers on a NBP debt financing. The financing plan is for a $150 million term debt facility to payoff existing MLP bank debt and a $150 million bank revolver (which would be undrawn) to provide greater financial flexibility in the future. Although we haven't determined the list of bidders a key objective is to provide additional fee income to those banks willing to commit their balance sheets when needed (i.e. commercial banks) to strengthen our position for future acquisition financing. We will send you a copy of the RFP and a list of recommended bidders mid next week. We would anticipate sending this out late next week.
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