Past year: ▼ 100%(0.00c – 1.00c USD)
Each one in plain English, with the numbers worked through for a shareholder.
31 May 2006material agreement● Neutral
An amendment cut the Mid-State Trust IX Variable Funding Loan Facility, a mortgage-financing line for the Mid-State Homes unit, from $200.0 million to $150.0 million. The filing says the trust requested the cut to reduce carrying costs of excess capacity; Walter Industries is not a party to the facility, which is renewable on January 30, 2007.
30 May 2006material agreement● NeutralMajor
Walter Industries signed three agreements with Mueller Water Products, which was a wholly-owned subsidiary before its IPO and will be majority-owned afterward: a corporate agreement (an option to buy more Mueller shares plus registration rights), a tax allocation agreement, and a transition services agreement under which Walter provides tax, accounting, HR and other services at cost. All are effective May 26, 2006, and set the terms between parent and the newly listed subsidiary.
