Subject: [NEXTEL-1] North America MCI Trade Creditors Want Rejection Of Noteholder Deal

From: [email-masked]
Date: Fri, 18 Jul 2003 15:15:21 -0400

North America  MCI Trade Creditors Want Rejection Of Noteholder Deal

Summary

Some trade creditors of a WorldCom subsidiary are asking a bankruptcy court to
reject a proposed settlement between the company and holders of the unit's senior
notes. In a motion filed with the court, an ad hoc committee of trade creditors of WorldCom
subsidiary, MCI Communications said the proposed settlement with noteholders 'is
indisputably unfair and inequitable'. Under the proposed settlement, holders of
senior note claims against MCI Communications would recover 80 percent of their claims through
the issuance of new notes. See www.fastNetworkNOW.com 

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