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Enron Mail |
A significant number of our merchant investments are owned in whole or in
part through various structured finance vehicles. Amendments, restructurings, dispositions, follow-on investments and other significant transactions related to those assets may be prohibited or may require internal or external consents. As the commercial teams may not always be familiar with these vehicles or the special considerations that may apply to these vehicles, you may want to confirm with the attorney/legal assistant that is most familiar with the particular vehicle that (i) the appropriate people are "in the loop" with what you are doing with the asset, and (ii) that there won't be any unpleasant surprises (like a required consent that has not been obtained) five minutes before you are supposed to close whatever transaction you are working on. The contacts for the most active vehicles are: JEDI - Jordan Mintz JEDI II -- Joel Ephross, Shirley Hudler Raptor and Trutta -- Joel Ephross, Lisa Mellencamp, Mary Cook Merlin -- Anne Koehler Rawhide -- Mary Heinitz, Brenda Funk Hawaii -- Gareth Bahlmann In addition, please make sure that Shirley Hudler is aware of any significant pending transaction involving a JEDI II asset. With respect to new deals, I understand that the JEDI II commitment period has been extended to June 30, 2001, and that as a result ENA will still have an obligation to place "qualified investments" in JEDI II. While EGF will have a good handle on the funding source for your deal, in the early stages the commercial team is not always aware that JEDI II is still out there. Again, if you have any questions, please contact Shirley Hudler. Travis McCullough Enron North America Corp. 1400 Smith Street EB 3893 Houston Texas 77002 Phone: (713) 853-1575 Fax: (713) 646-3490
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