Exhibit 99.1
Calculation of Fair Market Value of Class 8 – 11 Securities
Contingent Value Rights Value Analysis
(Amounts in USD millions except per share data)
Measurement Date | 2/8/2010 | |
Class 8 Allowed Claims | $1,042 | |
Class 9 Allowed Claims | 25,595 | |
Class 10 Allowed Claims | 320 | |
Class 11 Allowed Claims | 3,100 | |
Total Class 8-11 Allowed Claims | $30,057 | |
Total Common Shares Outstanding | 200,035,561 | |
Share Price (10-Day Volume-Weighted Average) | $31.46 | |
New Common Interests Issued to Class 8-11 Allowed Claims | 182,029,152 | |
Market Value of Common Shares Issued to Class 8-11 Allowed Claims | $5,727 | |
Face Value of Series A Notes Issued to Class 8-11 Allowed Claims | $21,040 | |
Weighting | ||
2013 Series A Notes Trading Value, cents on dollar (10-Day Average) | 10% | 92.1 |
2014 Series A Notes Trading Value, cents on dollar (10-Day Average) | 15% | 89.2 |
2015 Series A Notes Trading Value, cents on dollar (10-Day Average) | 15% | 87.5 |
2016 Series A Notes Trading Value, cents on dollar (10-Day Average) | 25% | 85.9 |
2017 Series A Notes Trading Value, cents on dollar (10-Day Average) | 35% | 85.2 |
Series A Notes Trading Value (Weighted Average) | 100% | 87.0 |
Aggregate Market Value of Series A Notes Issued to Class 8-11 Allowed Claims | $18,308 | |
Aggregate Recovery to Class 8-11 Allowed Claims | $24,035 | |
% Recovery | 80.0% | |
New Common Interests Issued to Senior CVRs | 0 | |
New Common Interests Issued to Junior CVRs | 0 | |
New Common Interests Issued to Preferred Stock CVRs | 0 | |