~~~~~
From:HouseJoseph<l-louse.Josepb@pbgc.gov>
~.i<"b
L
Sent:
Thursday,
April2,20095:43PM
'...0IIII~
r
_T_O_:
M_o_f_ri_S_K_a_re_l_l_<M_o_r_ri_S._K_a_re_l_l@_I_P_b",,_O"C_._g_OV_>_;_R_a_e_M~_j.,;;;Ch_a_·e_I_<R_a_e._M_j_C_h_ae_I_@_p_B_GC_
.G_O_V_>,~
I
Subject:
Re:
Delphi
update
Nottobeglib,buttheagendaiseverything--leadoffwithChrysler,thenwe'llgetIntoGM/Delphi.Vince
will
taketheleadandthenprobablylooktoustofillinblanks.We'regoingtobeinquestion-askingmodeasmuchaspossible.SentfrommyBlackBerryWirelessHandheld
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From:
MorrisKarenTo:RaeMichael;HouseJosephSent:ThuApr
0217:24,182009
SUbject:FW:Delphiupdate
We'llprobablygetinvitedtotheMondaymeetingattomorrow'smeeting.Whatisouragendafortomorrow?
From:
Cann
Dana
Sent:Thursday,April02,20091:10PMTo:MorrisKaren;HouseJoseph;ArchevalKristina;RaeMichaelCc:GoldowitzIsrael;MenkeJohn;LandyRalph;OwenWayneSubject:RE:DelphiupdateSensitivity:Confidential
I'd
think
we'(h!~soIutely
so'desire=somecombinationof
oce
andGreenhill.
From:
Morris
Karen
Sent:Thursday,April02,
2009
12:52PMTo:HouseJoseph;CannDana;ArchevalKristina;RaeMichaelCc:GoldowitzIsrael;MenkeJohn;LandyRalph;OwenWayneSubject:DelphiupdateSensitivity:Confidential
ThisjustinfromJohn(John,correct/addaswarranted);Hearingsonthe
DIP
accommodationagreementandvariousotherfilingshave
been
continuedtoallowtheparties-withafocusonGM/Delphiand
Treasury=to
hammerout
a
globalresolutionforDelphi.Thereisnow
a
windowuntil
4/17
forthistohappen,withtalkskickingoffonMondayatTreasury-toincludepensionissues.Thegoalisforeveryonetoagreetoatermsheetby
4/17
resolvingalloutstandingissues.
If
thathappens,thetermsheet
win
bepresentedtoDelphi's
DIP
lenderswho
will
have3businessdaysinwhichtoaffirmativelyaccepttheagreement.Theproximatereasonforthistiming
is
theomnibushearingon
4/23.
precededbyacommitteemeetingon
4/22.
If
thereisnotermsheet,orthelendersdeclinetoacceptthetermsheetthatemerges,thelenderswillinitiateforeclosureby
4/24,
spokenofasthe
"kill
date."JackButlerintroducedJohntoJohnRapisardi,whoofferedtoincludePBGCintheMondaymeetingif
we
sodesire.