WEN » Topics » Pinetree CDO

These excerpts taken from the WEN 10-K filed Mar 14, 2008.
Pinetree CDO
 
    The Company sold all of its preference shares and deconsolidated Pinetree CDO as the Company was no longer deemed the primary beneficiary as of December 31, 2007. Prior to December 31, 2007, the Company consolidated the long-term debt issued by Pinetree CDO which had a weighted average interest rate of 5.92%, using the last reset date as of December 31, 2006.
 
    Pinetree CDO was a consolidated bankruptcy remote subsidiary and the debt holders had recourse only to the collateral of Pinetree CDO.
 
- 32 -

 
DEERFIELD CAPITAL CORP. AND ITS SUBSIDIARIES
 
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
 
 
Pinetree
CDO

 

    The Company
sold all of its preference shares and deconsolidated Pinetree CDO as the Company
was no longer deemed the primary beneficiary as of December 31, 2007. Prior to
December 31, 2007, the Company consolidated the long-term debt issued by
Pinetree CDO which had a weighted average interest rate of 5.92%, using the last
reset date as of December 31, 2006.

 

    Pinetree CDO
was a consolidated bankruptcy remote subsidiary and the debt holders had
recourse only to the collateral of Pinetree CDO.

 







- 32 -











 

DEERFIELD CAPITAL CORP. AND ITS
SUBSIDIARIES

 

NOTES TO CONSOLIDATED FINANCIAL
STATEMENTS — (Continued)

 

 

EXCERPTS ON THIS PAGE:

10-K (2 sections)
Mar 14, 2008
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki