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We are currently working on fixing the credit capacity in the Raptor
structure. The current thinking is that the swap will be at the money and look like the other private swaps in Raptor I and II. The amount, termination date and Raptor vehicle are still being discussed. The termination date could change with the credit capacity fix. I will provide you the information when it is finalized. Thanks, Gordon Sara Shackleton@ECT 03/21/2001 09:01 AM To: Gordon McKillop/NA/Enron@ENRON cc: Carol St Clair/HOU/ECT@ECT, Mary Cook/HOU/ECT@ECT Subject: mariner Gordon: Please advise Carol, Mary and me. Thanks. Sara Shackleton Enron North America Corp. 1400 Smith Street, EB 3801a Houston, Texas 77002 713-853-5620 (phone) 713-646-3490 (fax) sara.shackleton@enron.com ----- Forwarded by Sara Shackleton/HOU/ECT on 03/21/2001 08:59 AM ----- Lisa Mellencamp 03/21/2001 08:38 AM To: Gordon McKillop/NA/Enron@ENRON cc: Sara Shackleton/HOU/ECT@ECT Subject: mariner gordon what will the terms of the raptor swap on mariner be?? Lisa J. Mellencamp Enron North America Corp. - Legal 1400 Smith St. Houston, TX 77002 Tel: (713) 853-7986 Fax: (713) 646-3393 E-mail: Lisa.Mellencamp@enron.com
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