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Enron Mail |
Peter,
The details of the promissory note ("Loan Note 2002") from Greenfield to ECTRI in payment of agreed interest rate swap breakage costs in connection with the November 2001 Greenfield equity sale/LAKSHMI vessel financing workout transaction are as follows: Maker: Greenfield Shipping Company Limited Holder: Enron Capital & Trade Resources International Corp. Guarantor: Mitsui OSK Lines, Ltd. Date of Note: November 20, 2001 Principal Amount: US$12,720,000.00 Interest Rate: 5% per annum (based on 360 day year) ECTRI Swap Deal No.: M148198 Repayment Schedule*: 1st Payment: January 31, 2002 -- US$561,621.52 (includes principal and interest) 2nd Payment: February 28, 2002 -- US$561,621.52 (includes principal and interest) 3rd Payment: March 29, 2002 -- US$561,621.52 (includes principal and interest) Final Payment: April 30, 2002 -- remaining balance of principal plus accrued interest. * Notwithstanding the foregoing schedule, the Loan Note is repayable in full upon refinancing of the vessel by Greenfield. Hope this helps. Please let me know if you have any questions or comments. I'm copying Enron lawyers Alan Aronowitz and Sara Shackleton on this note so that they are also aware of the details of this ECTRI receivable and the fact that MOL appear to be arranging payment on behalf of Greenfield to ECTRI (at least for the January and February 2002 instalment obligations). Kind regards, Dan Rogers
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