NEWYORK 7140707 (2K)
WHITE & CASE LLP1155 Avenue of the AmericasNew York, New York 10036-2787(212) 819-8200Glenn M. KurtzGerard H. UzziWachovia Financial Center, Suite 4900200 South Biscayne Blvd.Miami, Florida 33131(305) 371-2700Thomas E Lauria (
admitted pro hac vice
)ATTORNEYS FOR THE CHRYSLERNON-TARP LENDERS
IN THE UNITED STATES BANKRUPTCY COURTFOR THE SOUTHERN DISTRICT OF NEW YORK
)In re ) Chapter 11)CHRYSLER, LLC, et al., ) Case No. 09-50002-AJG) Jointly AdministeredDebtors. ))
VERIFIED STATEMENT OF WHITE & CASE LLPPURSUANT TO BANKRUPTCY RULE 2019
White & Case LLP (“White & Case”) represents the creditors and parties ininterest identified below in the above-captioned chapter 11 cases (the “Chapter 11 Cases”) of Chrysler, LLC (“Chrysler”) and certain of its affiliates (collectively with Chrysler, the“Debtors”), and pursuant to Rule 2019 of the Federal Rules of Bankruptcy Procedure (the“Bankruptcy Rules”), states as follows:1.
White & Case is an international law firm that maintains its principleoffice at 1155 Avenue of the Americas, New York, New York 10036, and numerous additionaloffices throughout the United States and worldwide.
NEWYORK 7140707 (2K)
-2-2.
White & Case serves as counsel to the Chrysler Non-TARP Lenders,consisting of certain unaffiliated lenders under that certain First Lien Credit Agreement, dated asof August 3, 2007 (as may have been amended or supplemented, the “Senior Credit Agreement”)among Chrysler and certain of its affiliates, as borrowers, JPMorgan Chase, as administrativeagent, and certain lenders party thereto from time to time (the “Senior Lenders”), under whichthe Senior Lenders are owed $6.9 billion (the “Senior Debt”). The names and addresses of eachof the Chrysler Non-TARP Lenders are set forth on Exhibit A attached hereto.3.
White & Case has represented, at various times prior to today, otherSenior Lenders who have elected for various reasons to withdraw from the Chrysler Non-TARPLenders, and is aware of other Senior Lenders who have not consented to the current proposalmade by the Debtors to the Senior Lenders but who have declined to join the Chrysler Non-TARP Lenders, as a consequence of concerns stemming from publicity of these chapter 11 cases.Each of the Chrysler Non-TARP Lenders will lose money for their investors based on the currentproposal made by the Debtors to the Senior Lenders.4.
None of the Chrysler Non-TARP Lenders hold any credit default swaps orhedges with respect to their holdings of Senior Debt.5.
As of the date hereof, each of the Chrysler Non-TARP Lenders is a holder,or investment advisor to a holder, of the Senior Debt. White & Case has been advised by theChrysler Non-TARP Lenders that, as of the date hereof, they collectively are the beneficialowner of, or the holder or manager of, various accounts with investment authority, contractualauthority or voting authority for more than $295,000,000 principal amount of the Senior Debt.The terms of White & Case’s engagement by the Chrysler Non-TARP Lenders are set forth inthe Agreement of the Chrysler CarCo Lenders Group, which is attached as Exhibit B.
NEWYORK 7140707 (2K)
-3-6.
Although the Chrysler Non-TARP Lenders have hired White & Case torepresent their interests and to enable their voices to be heard more effectively and efficiently asa group, each of the Chrysler Non-TARP Lenders makes its own decisions as to how it wishes toproceed and does not speak for, or on behalf of, any other creditor, including the other ChryslerNon-TARP Lenders in their individual capacities.7.
White & Case does not own any claims against or equity interests in anyof the Debtors.8.
In the event that White & Case undertakes additional representation of other clients in these Chapter 11 Cases, this statement shall be supplemented in accordance withBankruptcy Rule 2019.Dated: May 6, 2009WHITE & CASE LLP1155 Avenue of the AmericasNew York, New York 10036-2787Telephone: (212) 819-8200Facsimile: (212) 354-8113Glenn M. KurtzBy: _/s/ Gerard H. Uzzi_____________Gerard H. UzziWachovia Financial Center200 South Biscayne Boulevard, 49th FloorMiami, Florida 33131Telephone: (305) 371-2700Facsimile: (305) 358-5744Thomas E Lauria (
admitted pro hac vice
)ATTORNEYS FOR THECHRYSLER NON-TARP LENDERS
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Members of Chrysler's Non-TARP Lenders Group
Members of a group calling itself Chrysler's Non-TARP lenders
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