|
|
![]() | ![]() | ![]() | ![]() |
| |||||||||
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:
RELATED TOPICS for WEN: |
| |||||||