|
|
Enron Mail |
Mark,
could you prepare an omnibus agreement for us to use with Huntco for this transaction? As you know, our credit group has approved this transaction without credit language in the agreement. Thanks for your help. --Andrew ---------------------- Forwarded by Andrew Wilson/Corp/Enron on 12/01/2000 03:25 PM --------------------------- From: Paul Radous on 11/29/2000 06:40 PM To: Andrew Wilson/Corp/Enron@ENRON cc: Greg Hermans/Corp/Enron@Enron, Kevin O'Donnell/NA/Enron@Enron, Tim Battaglia@Enron@ECT, Glenn Wright/Corp/Enron@ENRON, Tanya Rohauer/HOU/ECT@ECT Subject: Re: Huntco Swap Information Credit approves the following transaction with Huntco Inc. Andrew Wilson 11/29/2000 05:18 PM To: Paul Radous/Corp/Enron@ENRON cc: Greg Hermans/Corp/Enron@Enron, Kevin O'Donnell/NA/Enron@Enron, Tim Battaglia@Enron@ECT, Glenn Wright/Corp/Enron@ENRON, Tanya Rohauer/HOU/ECT@ECT Subject: Huntco Swap Information Paul, thanks again for working with us on Huntco. Could you evaluate the exposure related to Enron offering a floating for fixed swap to Huntco. Quantity: 17,400 tons/month Term: 3 months Start: January 2001 End: March 2001 Settlement: Monthly Price: $237/ton Enron will pay Huntco $237/month. Huntco will pay Enron the Purchasing Magazine index price. Note that if steel prices continue to decline then Huntco is in the money with this swap. If the credit exposure related to this looks reasonable to you, we will prepare an Omnibus agreement for this specific transaction. Please call me if you have any questions. --Andrew x31569
|