Exhibit 99.1
Preliminary figures; subject to change based on Company operating performance prior to closing and other factors.
(in thousands)
Sources & Uses - Transaction | ||||||||||
Sources | Uses | |||||||||
Pre-Transaction Cash Balance | $ | 36,799 | Revolver Principal | $ | 252,957 | |||||
Atlas Deposit | 37,000 | Revolver Accrued Int | 5,506 | |||||||
Closing Payment to Estate | 274,373 | UCC Settlement | 1,000 | |||||||
| Estate Cash for Admin Expenses | 88,710 | |||||||||
|
|
|
| |||||||
| $ | 348,172 | $ | 348,172 | |||||||
Sources & Uses - Post-Close | ||||||||||
Sources | Uses | |||||||||
Estate Cash for Admin Expenses | $ | 88,710 | Admin/Wind Down Expenses | $ | 88,710 | |||||
Rabbi Trust | 8,010 | GUC Distribution Pool | 7,000 | |||||||
Release of Utility Deposit | 2,134 | Surplus to Jr. Secured | 51,571 | |||||||
Asset Sale Proceeds (risk adjusted) | 48,427 | |||||||||
|
|
|
| |||||||
| $ | 147,281 | $ | 147,281 | |||||||
Note: Available Amount is calculated to be $57,427
