ARII » Topics » Amounts due to and from affiliates

This excerpt taken from the ARII DEF 14A filed Apr 13, 2007.
Amounts due to and from affiliates
 
As of December 31, 2006, amounts due to affiliates were $1.7 million, representing accounts payable to ACF. As of December 31, 2006, amounts due from affiliates were $9.6 million, representing receivables from ACF, Ohio Castings and ARL.
 

Amounts due to and from affiliates

As of December 31, 2006, amounts due to affiliates were $1.7 million, representing accounts payable to ACF. As of December 31, 2006, amounts due from affiliates were $9.6 million, representing receivables from ACF, Ohio Castings and ARL.

This excerpt taken from the ARII DEF 14A filed Apr 28, 2006.
Amounts due to affiliates
 
As of December 31, 2005, net amounts due to affiliates were $23.5 million relating to the above referenced transactions and included:
 
  •  an amount payable to ACF of $3.1 million;
 
  •  an amount payable of $7.6 million to Arnos Corp., a company beneficially owned and controlled by Mr. Icahn, representing the principal and interest due under a demand note in the principal amount of $7.0 million that we issued in connection with a working capital loan from Arnos Corp.; and
 
  •  an amount payable of $12.8 million to ACF Industries Holding Corp., a company beneficially owned and controlled by Mr. Icahn, representing the principal and interest due under a demand note in the principal amount of $12.0 million that we issued in connection with our purchase of Castings LLC from ACF Industries Holding Corp.
 
We used a portion of the net proceeds of our initial public offering to repay in full the notes to Arnos Corp. and ACF Industries Holding Corp.
 
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