Attached files
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8-K/A - AMENDMENT TO FORM 8-K - Mr. Cooper Group Inc. | mm03-2912_8ka1.htm |
EXHIBIT 99.3
Claim Amount (1)
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Distributions & Value Consideration (2)
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Base
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Net
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Common
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Claim
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Less:
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Claim
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Runoff
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Stock
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Amount
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Contribution
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Amount
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Net Cash
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Notes
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Allocation
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LTI Value
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Total
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LTI Face
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Senior Notes Claim
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Floating Rate
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Prepetition
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$ | 1,346.8 | $ | (13.0 | ) | $ | 1,333.8 | $ | 1,333.8 | $ | 0.0 | $ | 0.0 | $ | 0.0 | $ | 1,333.8 | $ | 0.0 | |||||||||||||||||
Post-Petition
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48.3 | - | 48.3 | 38.3 | - | - | 3.8 | 42.1 | 10.0 | |||||||||||||||||||||||||||
Remaining Post-Petition
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45.3 | - | 45.3 | - | - | - | - | - | 45.3 | |||||||||||||||||||||||||||
1,440.4 | (13.0 | ) | 1,427.4 | 1,372.1 | - | - | 3.8 | 1,375.9 | 55.3 | |||||||||||||||||||||||||||
Fixed Rate
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Prepetition
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2,785.6 | (27.0 | ) | 2,758.6 | 2,758.6 | - | - | - | 2,758.6 | - | ||||||||||||||||||||||||||
Post-Petition
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492.7 | - | 492.7 | 389.5 | 0.6 | 0.4 | 38.5 | 429.0 | 102.2 | |||||||||||||||||||||||||||
3,278.3 | (27.0 | ) | 3,251.4 | 3,148.2 | 0.6 | 0.4 | 38.5 | 3,187.6 | 102.2 | |||||||||||||||||||||||||||
Total
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4,718.8 | (40.0 | ) | 4,678.8 | 4,520.3 | 0.6 | 0.4 | 42.3 | 4,563.5 | 157.5 | ||||||||||||||||||||||||||
Senior Subordinated Notes Claim
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Prepetition
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1,666.5 | (35.0 | ) | 1,631.5 | 1,603.2 | 0.2 | 9.2 | 18.8 | 1,631.5 | 18.8 | ||||||||||||||||||||||||||
Post-Petition
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412.4 | - | 412.4 | - | - | - | 143.5 | 143.5 | 412.4 | |||||||||||||||||||||||||||
2,078.8 | (35.0 | ) | 2,043.8 | 1,603.2 | 0.2 | 9.2 | 162.4 | 1,775.0 | 431.2 | |||||||||||||||||||||||||||
General Unsecured Claims (3)
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Prepetition
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846.7 | - | 846.7 | 790.9 | 1.3 | 0.4 | 24.7 | 817.3 | 54.1 | |||||||||||||||||||||||||||
Post-Petition
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55.8 | - | 55.8 | - | - | - | - | - | 55.8 | |||||||||||||||||||||||||||
902.5 | - | 902.5 | 790.9 | 1.3 | 0.4 | 24.7 | 817.3 | 109.9 | ||||||||||||||||||||||||||||
CCB Guarantees Claims (4)
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Prepetition
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69.9 | - | 69.9 | - | - | - | - | - | 69.9 | |||||||||||||||||||||||||||
Post-Petition
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11.9 | - | 11.9 | - | - | - | - | - | 11.9 | |||||||||||||||||||||||||||
81.8 | - | 81.8 | - | - | - | - | - | 81.8 | ||||||||||||||||||||||||||||
PIERS Claims (4), (5)
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241.4 | - | 241.4 | - | - | - | - | - | 241.4 | |||||||||||||||||||||||||||
Total
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$ | 8,023.4 | $ | (75.0 | ) | $ | 7,948.4 | $ | 6,914.3 | $ | 2.1 | $ | 10.0 | $ | 229.3 | $ | 7,155.8 | $ | 1,021.9 |
Notes: | |
(1) |
Claim amounts shown net of opt-out elections
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(2) |
Cash, Runoff Notes and Reorganized Common Stock distributions shown for total class; however, distributions to claimants within the class will vary depending on individual elections.
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(3) |
Includes claims paid day one and in the disputed claims reserve.
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(4) |
Amounts reflect both the preferred and common portions of total claim amounts.
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(5) |
Despite the PIERS having a prepetition claim of $789 mm, because of their obligation to payover interest at the contract rate (which exceeds the federal judgment rate for all classes except the Senior Floating Rate Notes) their recovery is effectively capped. As of the Effective date, that cap amount is $241.4mm and will continue to be reduced every month due to the delta between the FJR and contract rate.
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