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Washington Mutual demanda a la FDIC por 17 billones US$ + daños

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Washington Mutual demanda a la FDIC por 17 billones US$ + daños
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Washington Mutual demanda a la FDIC por 17 billones US$ + daños
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Re: WMIH anuncia una inyección de $600 Millones en preferentes


Initial Purchasers

Number of Shares of Series B Convertible
Preferred Stock

Citigroup Global Markets Inc. - 200,000

KKR Capital Markets LLC - 400,000

(Affiliates of KKR have agreed to purchase 200,000 shares of Series B Preferred Stock.)

Total 600,000

Mr MW rockz~

Pricing Term Sheet dated December 19, 2014 to Preliminary Offering Memorandum dated December 12, 2014 (the “Preliminary Offering Memorandum”) of WMI Holdings Corp.

The information in this Pricing Term Sheet supplements the Preliminary Offering Memorandum and supersedes the information in the Preliminary Offering Memorandum to the extent it is inconsistent with the information in the Preliminary Offering Memorandum.

This Pricing Term Sheet is otherwise qualified in its entirety by reference to the Preliminary Offering Memorandum. Capitalized terms used but not defined in this Pricing Term Sheet have the respective meanings ascribed to them in the Preliminary Offering Memorandum.

Issuer: WMI Holdings Corp., a Washington corporation.

Securities Offered:
600,000 shares of 3.00% Series B Convertible Preferred Stock (the “Series B Preferred Stock”), subject to adjustment as described in “—Restrictions on Acquisitions of our Stock.”

Affiliates of KKR have agreed to purchase 200,000 shares of Series B Preferred Stock.
Liquidation Preference: $1,000 per share plus accrued and unpaid dividends, if any, whether or not declared.
Initial Offering Price: $1,000 per share.

Gross Proceeds: $600.0 million.
Net Proceeds: $568.7 million, after deducting the initial purchasers’ fees and estimated offering expenses. This amount reflects the full amount of the initial purchasers’ fees; however, a significant portion of the initial purchasers’ fees are conditional and payable after the Issue Date.

Regular Dividend Rate: 3.00%, on a cumulative basis, when, as and if declared by our Board of Directors, out of funds lawfully available for payment.

Regular Dividend Payment Dates: March 15, June 15, September 15 and December 15, commencing March 15, 2015.
Regular Dividend Record Dates: March 1, June 1, September 1 and December 1, commencing on March 1, 2015.
Amount of First Regular Dividend: $5.83 per share (if declared, assuming the Series B Preferred Stock is issued on the Issue Date).

Participating Dividends: Without the written consent of holders of a majority in aggregate liquidation preference of the Series B Preferred Stock, we shall not declare or pay any dividends on our Common Stock (whether payable in cash, securities or other


Re: WMIH anuncia una inyección de $600 Millones en preferentes

This is an interesting part that might tie to the new Lease Agreement should WMIH be relocated with this Reincorporation. They will be increasing the size of the board with new members. KKR is getting a lot more than just new preferred shares for their investment.


The Company has covenanted that within 180 days of the Issue Date, it shall reincorporate from Washington to Delaware, which would result in the increase of the size of its Board from 7 to up to 11 members and the authorization of a number of shares of its Common Stock sufficient to permit the conversion of all shares of Series B Preferred Stock (collectively, the “Reincorporation”). Upon the Reincorporation, the new certificate of incorporation of the Company will provide that the Company renounces its interest or expectancy in any corporate opportunity in which KKR (as defined below) or its anticipated director appointees seek to participate unless such opportunity (i) was first presented to such anticipated director appointees solely in their capacity as directors of the Company, or (ii) is identified by KKR or its anticipated director appointees solely through the disclosure of information by or on behalf of the Company.

If the Company does not consummate the Reincorporation, it will remain a Washington corporation, the Note Purchase Agreement (as defined below) will not terminate, and the size of the Board will remain at seven.


Following the Reincorporation, it is expected that the Board will consist of 9 directors and be reconfigured such that Tagar Olson and Paul Raether (each a designee of KKR & Co. L.P., together with its affiliates (collectively, “KKR”)) and William C. Gallagher and Thomas L. Fairfield will join the Board. Messrs. Gallagher and Fairfield have been hired as consultants who are primarily responsible for deal sourcing and analysis, and are anticipated to also be appointed to serve as executive officers of the Company. The additions to both the Board and management team will provide the Company with additional experience to facilitate an acquisition.


Re: WMIH anuncia una inyección de $600 Millones en preferentes


La cuenta atras ha comenzado... el 5 enero 2015 será fecha de lanzamiento y posteriormente al 30 marzo podremos tener nuestra primera M&A y la creación del "Special Acquisitions Vehicle"

Pasaremos a estar fuera del OTC finalmente tras estos largos años. Listing Obligation

The Common Stock of the Company is currently listed on OTC Markets OTCQB electronic quotation system (“OTCQB”) under the symbol “WMIH”. The Company has agreed to use its reasonable efforts to list its Common Stock on a national securities exchange after becoming eligible to do so and upon approval of the Board, but there can be no assurance of whether or at what time such listing will occur. The Company does not intend to list the Series B Preferred Stock on any securities exchange.

ESTO también ayudará al valor cuyo nuevo suelo se situa en $2.25


Re: WMIH anuncia una inyección de $600 Millones en preferentes

Ya te vale Simpson, aqui el unico Epi y Blas eres tu mismo cuando utilizas los nicks que ahora tienes en la estanteria aparcados porque se te ha visto el plumero demasiadas veces.
En cuanto a la accion el suelo ya lo veras, de momento es 1´88.
Dejate de cuentos chinos que vienes cantando desde los 3 dolares que estaba el precio y no ha parado de bajar, menos mal que en Rankia ya te conocen mas que al Jenaro de gowex bombeando la accion.
Cuando hagan la dilucion de acciones te vas a enterar lo que valen las quemadas maracas de Machin.


Re: WMIH anuncia una inyección de $600 Millones en preferentes

Lo siento Besugo pero intenta disfrazar lo que quieras... el tren está repostando $600 Millones y mucho mas que viene... querias que vendiera por debajo de $2 porque nos ibamos a los infiernos y amigo mio... estabas MUY EQUIVOCADO. Y lo dejo aquí... KKR y Citigroup van a crear algo muy solido... en 2015 te vas a enterar de todo


Re: WMIH anuncia una inyección de $600 Millones en preferentes

KKR has only invested 600M, so it's 400M more to go to finance the operation of the new company once the acquisition is done?

- Coincidentally the date of conversion of series A into common is March 20, 2015, the same date when the 125M ine of credit from the HF will expire. Will WMIH use that line of credit? If it does then WMIH will have about 800M to acquire another company.

- Of interest is the guy from KKR who will be in WMIH BOD. We already know Tagar Olson. He is like a top guy at KKR who oversees all the finance sector of KKR. I am more interested to watch the new guy because it may tell us what kind of business WMIH will have in the future.


Appointment of Paul E. Raether to the Board
Paul E. Raether is anticipated to become a director of the Company upon consummation of the Reincorporation. Mr. Raether is a member of KKR. He joined KKR in 1980 and oversees KKR’s three regional Portfolio Management Committees. Mr. Raether also serves as a member of the Private Markets Valuation and Firm Management Committees.

He has played a significant role in numerous portfolio companies including Beatrice Companies, Cole National Corporation, Duracell, Fleet/Bank of New England, IDEX Corporation, KSL Recreation, Masonite International, PT Components, Randall's Food Markets, RJR Nabisco, Seaman Furniture, Shoppers Drug Mart, Stop & Shop Companies, Storer Communications, Inc., Walter Industries and Wometco Enterprises. Prior to joining KKR, Mr. Raether served as an officer in the United States Navy and started his professional career in the Corporate Finance Department of Reynolds Securities. Previously, he was a Vice President in the Corporate Finance Department of Blyth Eastman Dillon & Company. He obtained a B.A. from Trinity College and an M.B.A. from the Amos Tuck School of Business Administration at Dartmouth College. Mr. Raether serves as a director or trustee for several educational and non-profit institutions. He recently retired from the Board of Trinity College in Hartford, CT, after 25 years of service including the last 12 years as Chairman. He also serves as a Trustee of the Board of Overseers of the Tuck School of Business at Dartmouth College and the U.S. Ski and Snowboard Foundation. Mr. Raether is the President of the Institute for Sports Medicine Research in New York.