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					      Senior Analyst
      Aditya Kelshikar                                                                                                      Post Reorganization Auto Suppliers Index
      Support Analysts
      Shivangi Dattani
      Mihir Suvanam




                                                                                                                                                                                Comparable Snapshot

                                  Company Data                                                                                                Balance Sheet & Liquidity USDm)                                                                        Income Statement (USDm)                                                       TTM Credit Metrics                                Credit Rating

                                                                                                                                                    Cash &               Revolver                        TTM Free Cash                                         EBITDA          Operating                           Total Debt /         Net Debt /         EBITDA /
Company                                                Universe Coverage           Period Ending           Total Assets        Total Debt       Equivalents          Availability      Total Liquidity       Flow           Revenue         EBITDA              Margin          Margin         Profit Margin        EBITDA              EBITDA          Interest Expense           S&P        Moody's
Accuride Corp.                               Post-Restructuring                        30-Jun-10               866               630                  52                   75               127              -66                 656         52                 8.0%            -5.7%            -10.5%              12.04               11.04               1.00                   B           B2
ArvinMeritor                                 Stressed                                  30-Jun-10              2,817             1,080                289                  539               828              121                4,612        214                4.6%            2.6%              -1.0%               5.05               3.70                2.23                  B-           B3
Cooper-Std Auto. Grp                         Post-Restructuring                        30-Jun-10              1,749              473                 189                  125               314              16                 2,320        277                12.0%           6.5%              29.7%               1.71               1.03                3.93                  B+           B1
Dana Holding Corp.                           Post-Restructuring                        30-Jun-10              4,954              939                1,059                 237              1,296             336                5,856        466                8.0%            -2.8%             -5.2%               2.02               -0.26               4.12                  B+           B3
Delphi Automotive LLP                        Post-Restructuring                        30-Jun-10             10,469              332                3,383                 890              4,273             351                13,427       879                6.5%            2.7%              73.3%               0.38               -3.47               3.11                  n/a          n/a
Federal-Mogul Corp.                          Post-Restructuring                        30-Jun-10              7,084             2,854               1,020                 540              1,560             438                5,875        641                10.9%           4.0%              2.2%                4.45               2.86                4.97                  B+           B1
Lear Corp.                                   Post-Restructuring                         3-Jul-10              6,305              697                1,420                 110              1,530             334                11,268       774                6.9%            14.6%             13.8%               0.90               -0.93               10.17                 BB-          B1
Remy Intl. Inc                               Post-Restructuring                        30-Jun-10               950               335                  48                   67               116              63                 1,004        141                14.0%           10.1%             3.8%                2.38               2.03                3.14                  n/a          n/a
Visteon Corp.                                Post-Restructuring                        30-Jun-10              4,974              218                 979                   75              1,054             390                7,613        686                9.0%            6.2%              4.5%                0.32               -1.11               4.94                  n/a          n/a


                                                                                   Average                   4,463               840                 938                  295              1,233             220                5,848        459                8.9%            4.2%              12.3%               3.25               1.65                4.18
                                                                                   High                     10,469              2,854               3,383                 890              4,273             438                13,427       879                14.0%           14.6%             73.3%              12.04               11.04               10.17
                                                                                   Low                        866                218                  48                   67               116              -66                 656         52                 4.6%            -5.7%            -10.5%               0.32               -3.47               1.00




                                                                                Margins comparison                                                                                                                                                                            Credit Metrics comparison

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                                                                   EBITDA Margin                Operating Margin                 Profit Margin                                                                                                     Total Debt / EBITDA                      Net Debt / EBITDA                     EBITDA / Interest Expense




      Debtwire North America Research
  Accuride Corporation                                       Post-Restructuring                                  Company Description: Accuride Corporation is engaged in manufacturing and supplying of commercial vehicle components in North America.
                                                                                                                 Its products include commercial vehicle wheels, wheel-end components and assemblies, truck body and chassis parts, seating assemblies and
                                                                                                                 other commercial vehicle components. The Company operates in three business segments: Wheels, Components and Other.



  Company Information                                                                         Income Statement                                                                                                Balance Sheet Data

  Ticker                                                       OTC:ACUZ                                                                                                          Fiscal Year Ending                                                             30-Jun-10            2009
                                                                                                                                                 Current
  Industry                                                     Automotive                                                             LTM        Period      Past Period              31-Dec                  Cash & Equivalents                                          52.3               56.5
  Fiscal Year Ending                                               31-Dec                                                           30-Jun-10     1H10         1H09            2009             2008          Accts. Rec.                                                 94.6               66.3
  S&P CFR                                                               B                     Sales                                      656.0      364.6          278.8          570.2            931.4      Inventories                                                 67.7               50.7
  Moody's CFR                                                          B2                     COGS                                       623.4      338.7          287.8          572.5            875.8      Prepaids & Other Current Asset                               7.9               25.6
                                                                                              Gross Profit                                32.6       25.9           -9.0           -2.3             55.6      Total Current Assets                                       222.5              199.1
                                                                                              SG&A                                        49.9       32.2           24.7           42.4             55.2
  Security Market Data                                                                        Other Expense/(Income)                      20.3        0.0            0.0           20.3            277.0      Property, Plant & Equipment, net                           263.7              229.5
  Current Stock Price                             1-Oct-10       USD 1.11                     Operating Income (Loss)                    -37.7       -6.3          -33.7          -65.1           -276.6      Goodwill & Other Assets                                    379.8              243.0
  Bond Yield Low                                                      n/a                     Interest Expense                            52.5       21.3           29.4           60.5             52.7      Total Assets                                               866.0              671.7
  Bond Yield High                                                     n/a                     Pre-tax Income                             -69.0        3.1          -65.6         -137.7           -332.9
  Bank Debt Price                                                     n/a                     Income Taxes                                -0.3       -1.2            1.5            2.4             -4.6      Accounts Payable                                            58.9               31.3
                                                                                              Net Income                                 -68.7        4.3          -67.1         -140.1           -328.3      Accrued Liabilites                                          25.9               24.9
  EBITDA Based On:        Company Stated EBITDA                                                                                                                                                               Other Current Liabilities                                   20.9              418.1
  TTM Credit Metrics & Profitability Ratios                                                   Cash Flow Statement Data                                                                                        Total Current Liabilities                                  105.7              474.3
  Total Debt / TTM EBITDA                                            12.04                                                                       Current
                                                                                                                                                                                 Fiscal Year Ending
  Net Debt / TTM EBITDA                                              11.04                                                            LTM        Period      Past Period              31-Dec                  Total Debt                                                 630.0                0.0
  TTM EBITDA / Interest Expense                                        1.00                                                         30-Jun-10     1H10         1H09            2009             2008          Other Long-Term Liabilities                                126.5              425.7
  TTM Gross Margin                                                    5.0%                    Operating Cash Flow                        -50.0       -43.1         -32.4          -39.3                -9.2   Total Liabilities                                          862.2              899.9
  TTM EBITDA Margin                                                   8.0%                    Capital Expenditures                        15.9         6.2          10.7           20.4                29.7
  TTM Operating Margin                                               -5.7%                    Free Cash Flow                             -65.8       -49.3         -43.1          -59.7               -38.9   Preferred Stock/ Non Controlling interest                    0.0                 0.0
  TTM Profit Margin                                                 -10.5%                    Asset Sales                                  0.0         0.0           0.0            0.0                 0.0   Shareholders' Equity                                         3.8              -228.3
                                                                                              Net, Free Cash Flow                        -65.8       -49.3         -43.1          -59.7               -38.9   Total Liabilities and Equity                               866.0               671.7




  Capital Structure                                                                                                                                                        EBITDA Calculation
                                                                                                                                                                                                                                                                     Fiscal Year Ending

        Instrument                Seniority    Amount Out.      Maturity      Interest Rate         Price                 Yield                                                                                    LTM         Current Period    Past Period                31-Dec
  ABL                         Senior Secured       0.0         29-Jul-14      L + 350bps             n/a                  n/a                                                                                    30-Jun-10         1H10            1H09           2009               2008

  TL                         Senior Secured       310.5        30-Jun-13      L + 675bps             n/a                  n/a                                              Company Stated EBITDA                        52.3              30.6            1.9             23.7               79.0
  Convertible Bond          Senior Unsecured      319.4        1-Feb-20         7.50%              250.75                 n/a


  Total Debt                                      630.0

  Revolver Availability                        USD 75.0




  Covenants                                                                                                                       News / Notes
                 Covenant Test Period                            Financial Covenant                 Test                 Actual   (1) The company as per the covenant needs to maintain liquidity of USD 25m on the last business day of each month
  Term Loan Life (Note 1)                                    Minimum Liquidity                       25                   52.3    (2) The minimum Ebitda covenant is applied quarterly from quarter ended 30 June 2011
  Term Loan Life (Note 2)                                    Minimum EBITDA                         67.2                   n/a




Debtwire North America Research
ArvinMeritor                                               Stressed                                            Company Description: ArvinMeritor, Inc. is a global supplier of a range of integrated systems, modules and components to original
                                                                                                               equipment manufacturers (OEMs) and the aftermarket for the commercial vehicle, transportation and industrial sectors. Its principal products
                                                                                                               are axles, undercarriages, drivelines, brakes and braking systems, and roofs and door systems.

Company Information                                                                         Income Statement                                                                                                Balance Sheet Data

Ticker                                                            ARM                                                                                                          Fiscal Year Ending                                                                      30-Jun-10            2009
                                                                                                                                               Current
Industry                                                     Automotive                                                             LTM        Period      Past Period              30-Sep                  Cash & Equivalents                                               289.0                 95.0
Fiscal Year Ending                                               30-Sep                                                           30-Jun-10     3Q10         3Q09            2009             2008          Accts. Rec.                                                      808.0                694.0
S&P CFR                                                              B-                     Sales                                   4,612.0      3,628.0       3,124.0        4,108.0          6,390.0      Inventories                                                      413.0                374.0
Moody's CFR                                                          B3                     COGS                                    4,145.0      3,244.0       2,903.0        3,804.0          5,828.0      Prepaids & Other Current Asset                                   116.0                153.0
                                                                                            Gross Profit                              467.0        384.0         221.0          304.0            562.0      Total Current Assets                                           1,626.0              1,316.0
                                                                                            SG&A                                      335.0        268.0         223.0          290.0            415.0
Security Market Data                                                                        Other Expense/(Income)                     14.0         10.0         300.0          304.0             12.0      Property, Plant & Equipment, net                                 414.0                445.0
Current Stock Price                             1-Oct-10      USD 15.57                     Operating Income (Loss)                    118.0      106.0         -302.0         -290.0            135.0      Goodwill & Other Assets                                          777.0                747.0
Bond Yield Low                                                    4.3%                      Interest Expense                            96.0       81.0           71.0           86.0             80.0      Total Assets                                                   2,817.0              2,508.0
Bond Yield High                                                   8.1%                      Pre-tax Income                              66.0       62.0         -365.0         -361.0             93.0
Bank Debt Price                                                  $93.00                     Income Taxes                               111.0       36.0          632.0          707.0            197.0      Accounts Payable                                                    838.0              674.0
                                                                                            Net Income                                 -45.0       26.0         -997.0       -1,068.0           -104.0      Accrued Liabilites                                                    0.0               97.0
EBITDA Based On:        EBITDA                                                                                                                                                                              Other Current Liabilities                                           414.0              518.0
TTM Credit Metrics & Profitability Ratios                                                   Cash Flow Statement Data                                                                                        Total Current Liabilities                                      1,252.0              1,289.0
Total Debt / TTM EBITDA                                              5.05                                                                      Current
                                                                                                                                                                               Fiscal Year Ending
Net Debt / TTM EBITDA                                                3.70                                                           LTM        Period      Past Period              30-Sep                  Total Debt                                                     1,080.0              1,080.0
TTM EBITDA / Interest Expense                                       2.23                                                          30-Jun-10     3Q10         3Q09            2009             2008          Other Long-Term Liabilities                                    1,394.0              1,416.0
TTM Gross Margin                                                  10.1%                     Operating Cash Flow                        185.0      139.0         -341.0         -295.0            163.0      Total Liabilities                                              3,726.0              3,785.0
TTM EBITDA Margin                                                  4.6%                     Capital Expenditures                        64.0       56.0          103.0          111.0            138.0
TTM Operating Margin                                               2.6%                     Free Cash Flow                             121.0       83.0         -444.0         -406.0             25.0      Preferred Stock                                                    0.0                0.0
TTM Profit Margin                                                 -1.0%                     Asset Sales                                  1.0        0.0            3.0            4.0              9.0      Shareholders' Equity                                            -909.0           -1,277.0
                                                                                            Net, Free Cash Flow                        122.0        83.0        -441.0         -402.0                34.0   Total Liabilities and Equity                                   2,817.0            2,508.0



Capital Structure                                                                                                                                                        EBITDA Calculation
                                                                                                                                                                                                                                                                           Fiscal Year Ending

      Instrument                Seniority    Amount Out.      Maturity      Interest Rate         Price                 Yield                                                                                       LTM             Current Period   Past Period                   30-Sep
Revolver                    Senior Secured      0.0          23-Jun-11      L + 275 bps           93.00                 n/a                                                                                       30-Jun-10             3Q10           3Q09              2009               2008

Revolver                   Senior Secured       0.0          15-Jan-14      L + 500 bps            n/a                   n/a                                             Operating Income (Loss)                              118              106            -302              -290                135
Bond                      Senior Unsecured     250.0         15-Sep-15        8.13%              101.25                7.82%                                             Depreciation & Amortization                           78               57              60                81                120
Bond                      Senior Unsecured      84.0         1-Mar-12         8.75%              105.50                5.23%                                             Stock Based Comp                                      10                0               0                10                  7
Bond                      Senior Unsecured     245.0        15-Mar-18        10.63%              111.00                8.09%                                             Asset impairment charges                               0                0            153                153                  0
Convertible Bond          Senior Unsecured     300.0         3-Jan-26         4.63%              101.44                4.32%                                             Restructuring costs                                    8                4             76                 80                  9
Convertible Bond          Senior Unsecured     200.0        15-Feb-27         4.00%              92.50                 4.62%                                             Goodwill impairment charges                            0                0             70                 70                  0
Other                             -             1.0             n/a             n/a                n/a                   n/a                                             EBITDA (Debtwire Calc.)                              214              167             57                104                271

Total Debt                                        1080.0                                                                                                                 Company Stated EBITDA                                n/a                -                 -                -                  -

Revolver Availability                        USD 539.0


Covenants                                                                                                                       News / Notes

                                                                                                                                (1) Priority Debt includes amounts outstanding under the revolving credit facility, U.S. securitization program, and third-party non-working capital
                Covenant Test Period                            Financial Covenant                Test                 Actual   foreign debt
30 Jun 2009 - 30 Jun 2010                                  Priority Debt to EBITDA               2.75:1                 0.11
30 Jun 2009 - 30 Jun 2010                                  Capital Exp. Cap Amount                160                    64
Cooper-Standard Automotive Group                                     Post-Restructuring                        Company Description: Cooper-Standard Automotive Inc. is an automotive supplier specializing in the manufacture and marketing of systems
                                                                                                               and components for the automotive industry. Products include body sealing systems, fluid handling systems and NVH control systems. The
                                                                                                               Company caters to OEMs, such as Chrysler, Ford Motor, and GM.


Company Information                                                                         Income Statement                                                                                                Balance Sheet Data

Ticker                                                            Private                                                                                                      Fiscal Year Ending                                                                   30-Jun-10            2009
                                                                                                                                               Current
Industry                                                      Automotive                                                            LTM        Period      Past Period              31-Dec                  Cash & Equivalents                                               188.7              380.3
Fiscal Year Ending                                                31-Dec                                                          30-Jun-10     1H10         1H09            2009             2008          Accts. Rec.                                                      423.9              355.5
S&P CFR                                                               B+                    Sales                                   2,320.2     1,224.8          849.8        1,945.3          2,594.6      Inventories                                                      115.1              111.6
Moody's CFR                                                           B1                    COGS                                    1,936.3     1,014.1          756.7        1,679.0          2,260.1      Prepaids & Other Current Asset                                    61.8               98.6
                                                                                            Gross Profit                              383.9       210.7           93.1          266.3            334.5      Total Current Assets                                             789.5              946.0
                                                                                            SG&A                                      221.2       115.2           93.6          199.6            231.7
Security Market Data                                                                        Other Expense/(Income)                     13.0         7.9          405.8          410.9            102.7      Property, Plant & Equipment, net                              563.8                586.2
Current Stock Price                                                   n/a                   Operating Income (Loss)                    149.7       87.6         -406.2         -344.1              0.1      Goodwill & Other Assets                                       395.2                205.2
Bond Yield Low                                                      7.8%                    Interest Expense                            70.7       48.0           41.7           64.3             92.9      Total Assets                                                1,748.5              1,737.4
Bond Yield High                                                     7.8%                    Pre-tax Income                             710.3      682.4         -439.7         -411.9            -93.2
Bank Debt Price                                                       n/a                   Income Taxes                                20.3       40.8          -35.1          -55.7             29.3      Accounts Payable                                                 184.0              166.3
                                                                                            Net Income                                 690.0      641.5         -404.6         -356.2           -122.5      Accrued Liabilites                                                95.1               87.1
Select:                 Company Stated EBITDA                                                                                                                                                               Other Current Liabilities                                         90.2               71.5
TTM Credit Metrics & Profitability Ratios                                                   Cash Flow Statement Data                                                                                        Total Current Liabilities                                        369.3              324.9
Total Debt / TTM EBITDA                                              1.71                                                                      Current
                                                                                                                                                                               Fiscal Year Ending
Net Debt / TTM EBITDA                                                1.03                                                           LTM        Period      Past Period              31-Dec                  Total Debt                                                    473.1                204.3
TTM EBITDA / Interest Expense                                        3.93                                                         30-Jun-10     1H10         1H09            2009             2008          Other Long-Term Liabilities                                   299.7              1,514.7
TTM Gross Margin                                                   16.5%                    Operating Cash Flow                        105.2       -58.2         -33.5          130.0            136.5      Total Liabilities                                           1,142.1              2,043.9
TTM EBITDA Margin                                                  12.0%                    Capital Expenditures                        89.5        29.1         -14.3           46.1             92.1
TTM Operating Margin                                                6.5%                    Free Cash Flow                              15.7       -87.3         -19.1           83.9             44.4      Preferred Stock                                               129.0                  0.0
TTM Profit Margin                                                  29.7%                    Asset Sales                                  4.4         3.8           0.0            0.6             13.3      Shareholders' Equity                                          477.4               -306.5
                                                                                            Net, Free Cash Flow                         20.1       -83.6         -19.1           84.5                57.7   Total Liabilities and Equity                                1,748.5              1,737.4



Capital Structure                                                                                                                                                        EBITDA Calculation
                                                                                                                                                                                                                                                                        Fiscal Year Ending

      Instrument                Seniority    Amount Out.      Maturity      Interest Rate         Price                 Yield                                                                                    LTM             Current Period   Past Period                   31-Dec
Bond                      Senior Unsecured      450.0        1-May-18         8.50%              104.00                7.80%                                                                                   30-Jun-10             1H10           1H09              2009               2008

Revolver                    Senior Secured      0.0         27-May-14       L + 350 bps            n/a                  n/a                                              EBITDA (Debtwire Calc.)                      277.4              148.0             47.1              176.5              201.2
Other                              -            23.1           n/a              n/a                n/a                  n/a
                                                                                                                                                                         Company Stated EBITDA                         N/A                    -                 -                -                  -
Total Debt                                         473.1

Revolver Availability:                       USD 125.0



Covenants                                                                                                                       News / Notes
                    Covenant Test Period                       Financial Covenant                 Test                 Actual   (1) The Fixed Charge Covenant is applicable only when there are oustanding amounts under the company's revolver.
27 May 2010 - 27 May 2014(1)                               Fixed Charge Coverage            > 1.1:1            n/a
Dana Holding Corporation                                            Post-Restructuring                    Company Description: Dana is a supplier of axle, driveshaft, structural, sealing and thermal management products for global vehicle
                                                                                                          manufacturers. It designs and manufactures products for every vehicle producer in the world. The Company serves three primary markets: Light
                                                                                                          vehicle market, Medium/heavy market and Off-Highway market.


Company Information                                                                       Income Statement                                                                                               Balance Sheet Data
Ticker                                                            DAN                                                                           Current                      Fiscal Year Ending                                                         30-Jun-10         2009
Industry                                                    Automotive                                                             LTM          Period      Past Period             31-Dec               Cash & Equivalents                                 1,059.0           947.0
Fiscal Year Ending                                              31-Dec                                                           30-Jun-10       1H10         1H09           2009            2008        Accts. Rec.                                        1,046.0           869.0
S&P CFR                                                             B+                    Sales                                       5,856.0     3,034.0       2,406.0       5,228.0          8,095.0   Inventories                                          615.0           608.0
Moody's CFR                                                         B3                    COGS                                        5,359.0     2,725.0       2,351.0       4,985.0          7,815.0   Prepaids & Other Current Asset                       101.0           158.0
                                                                                          Gross Profit                                  497.0       309.0          55.0         243.0            280.0   Total Current Assets                               2,821.0         2,582.0
                                                                                          SG&A                                          362.0       193.0         144.0         313.0            337.0
Security Market Data                                                                      Other Expense/(Income)                        299.0        82.0          30.0         247.0            314.0   Property, Plant & Equipment, net                   1,315.0         1,484.0
Current Stock Price                           1-Oct-10      USD 12.48                     Operating Income (Loss)                     -164.0         34.0        -119.0        -317.0          -371.0    Goodwill & Other Assets                              818.0           998.0
Bond Yield Low                                                    n/a                     Interest Expense                             113.0         46.0          72.0         139.0           150.0    Total Assets                                       4,954.0         5,064.0
Bond Yield High                                                   n/a                     Pre-tax Income                              -277.0        -12.0        -189.0        -454.0           365.0
Bank Debt Price                                                $98.69                     Other                                          1.0          6.0          -4.0          -9.0             9.0    Accounts Payable                                     767.0             601.0
                                                                                          Income Taxes                                  17.0         14.0         -30.0         -27.0           306.0    Accrued Liabilites                                   447.0             402.0
Select:           Company Stated EBITDA                                                   Net Income                                  -303.0        -26.0        -159.0        -436.0            50.0    Other Current Liabilities                             32.0             119.0
TTM Credit Metrics & Profitability Ratios                                                                                                                                                                Total Current Liabilities                          1,246.0         1,122.0
Total Debt / TTM EBITDA                                            2.02                   Cash Flow Statement Data
Net Debt / TTM EBITDA                                             -0.26                                                                         Current                      Fiscal Year Ending          Total Debt                                           939.0         1,003.0
TTM EBITDA / Interest Expense                                      4.12                                                            LTM          Period      Past Period            31-Dec                Other Long-Term Liabilities                        1,100.0         1,160.0
TTM Gross Margin                                                  8.5%                                                           30-Jun-10       1H10          1H09          2009            2008        Total Liabilities                                  3,285.0         3,285.0
TTM EBITDA Margin                                                 8.0%                    Operating Cash Flow                          407.0       122.0          -77.0        208.0          -1,019.0
TTM Operating Margin                                             -2.8%                    Capital Expenditures                          71.0        26.0           54.0         99.0             250.0   Preferred Stock                                      771.0           771.0
TTM Profit Margin                                                -5.2%                    Free Cash Flow                               336.0        96.0         -131.0        109.0          -1,269.0   Shareholders' Equity                                 898.0         1,008.0
                                                                                          Asset Sales                                  116.0       113.0            0.0          3.0              19.0   Total Liabilities and Equity                       4,954.0         5,064.0
                                                                                          Net, Free Cash Flow                          452.0       209.0         -131.0        112.0          -1,250.0



                    (1)
Capital Structure                                                                                                                                                         EBITDA Calculation
                                                                                                                                                                                                                             Current                       Fiscal Year Ending
     Instrument             Seniority      Amount Out.     Maturity       Interest Rate           Price          Yield                                                                                      LTM              Period       Past Period            31-Dec
TL                        Senior Secured      917.0        28-Feb-15       L + 375bps             98.69           n/a                                                                                     30-Jun-10           1H10          1H09          2009            2008
Revolver                  Senior Secured       0.0         28-Feb-15       L + 375bps             99.52           n/a                                                     Company Stated EBITDA                  466.0           262.0          110.0         314.0             358.0
Other                         Other           22.0            n/a              n/a                 n/a            n/a

Total Debt                                    939.0

Revolver Availability                       USD 237.0


Covenants                                                                                                                       News / Notes
                Covenant Test Period                          Financial Covenant                  Test           Actual         n/a
30 Jun 2009 - 30 Jun 2010                                Total Leverage Ratio             < 3.1                          2.02
30 Jun 2009 - 30 Jun 2010                                Interest Coverage Ratio          > 3.4                          4.12
Delphi Automotive LLP                                                  Post-Restructuring                   Company Description: Delphi is a leading global supplier of electronics and technologies for automotive, commercial vehicle and other market
                                                                                                            segments. After a four year stint in bankruptcy, the company finally emerged out of bankruptcy on 6 October 2009 in a deal which gave control
                                                                                                            of most of the company's assets to its pre-petition lenders led by Elliot Management Corp. and Silver Point Capital LP.


Company Information                                                                          Income Statement                                                                                         Balance Sheet Data
Ticker                                                             Private                                                                    Current                      Fiscal Year Ending                                                              30-Jun-10         2009
Industry                                                       Automotive                                                       LTM           Period      Past Period             31-Dec              Cash & Equivalents                                       3,383.0         3,107.0
Fiscal Year Ending                                                 31-Dec                                                     30-Jun-10        1H10         1H09           2009            2008       Accts. Rec.                                              2,296.0         2,213.0
S&P CFR                                                                n/a                   Sales                                 13,427.0     6,856.0       5,184.0      11,755.0        16,808.0   Inventories                                                876.0           876.0
Moody's CFR                                                            n/a                   COGS                                  11,668.0     5,642.0       5,196.0      11,222.0        15,691.0   Prepaids & Other Current Asset                             707.0           561.0
                                                                                             Gross Profit                           1,759.0     1,214.0         -12.0         533.0         1,117.0   Total Current Assets                                     7,262.0         6,757.0
                                                                                             SG&A                                     880.0       387.0         489.0         982.0         1,395.0
Security Market Data                                                                         Other Expense/(Income)                   520.0       217.0         376.0         679.0         1,147.0   Property, Plant & Equipment, net                         1,902.0         2,129.0
Current Stock Price                                                   n/a                    Operating Income (Loss)                  359.0      610.0         -877.0      -1,128.0        -1,425.0   Goodwill & Other Assets                                  1,305.0         1,421.0
Bond Yield Low                                                        n/a                    Interest Expense                        -283.0       14.0          288.0          -9.0           425.0   Total Assets                                            10,469.0        10,307.0
Bond Yield High                                                       n/a                    Pre-tax Income                           642.0      596.0       -1,165.0      -1,119.0        -1,850.0
Bank Debt Price                                                    $96.25                    Income Taxes                            -170.0      144.0          -24.0        -338.0           163.0   Accounts Payable                                         1,974.0         1,872.0
                                                                                             Net Income                             9,840.0      460.0          -36.0       9,344.0         3,066.0   Accrued Liabilites                                       1,247.0         1,252.0
Select:                                                                                                                                                                                               Other Current Liabilities                                    0.0             0.0
TTM Credit Metrics & Profitability Ratios                                                    Cash Flow Statement Data                                                                                 Total Current Liabilities                                3,221.0         3,124.0
Total Debt / TTM EBITDA                                               0.38                                                                    Current                      Fiscal Year Ending
Net Debt / TTM EBITDA                                                -3.47                                                      LTM           Period      Past Period            31-Dec               Total Debt                                                 332.0           396.0
TTM EBITDA / Interest Expense                                         3.11                                                    30-Jun-10        1H10          1H09          2009            2008       Other Long-Term Liabilities                              1,224.0         1,421.0
TTM Gross Margin                                                    13.1%                    Operating Cash Flow                     700.0       626.0         -172.0         -98.0           455.0   Total Liabilities                                        4,777.0         4,941.0
TTM EBITDA Margin                                                    6.5%                    Capital Expenditures                    349.0       179.0          239.0         409.0           771.0
TTM Operating Margin                                                 2.7%                    Free Cash Flow                          351.0       447.0         -411.0        -507.0          -316.0   Membership Interests                                     5,354.0         4,914.0
TTM Profit Margin                                                   73.3%                    Asset Sales                              25.0        13.0           -9.0           3.0            -8.0   Other                                                      338.0           452.0
                                                                                             Net, Free Cash Flow                     326.0       434.0         -402.0        -510.0          -308.0   Total Liabilities and Equity                            10,469.0        10,307.0



Capital Structure                                                                                                                                                       EBITDA Calculation
                                                                                                                                                                                                                         Current                              Fiscal Year Ending
      Instrument           Seniority       Amount Out.     Maturity          Interest Rate         Price            Yield                                                                                LTM             Period          Past Period                31-Dec
Delayed Draw TL          Senior Secured        0.0             9-Oct-14       L + 600bps           96..25            n/a                                                                               30-Jun-10           1H10            1H09              2009            2008
ABL                      Senior Secured       115.0            n/a                n/a               n/a              n/a                                                Operating Income (Loss)               359.0           610.0            -877.0          -1128.0         -1425.0
Bond                    Senior Unsecured       49.0         9-Oct-14            12.0%               n/a              n/a                                                Depreciation & Amortization           520.0           217.0             376.0            679.0           822.0
TL                       Senior Secured        22.0        31-Dec-13            6.25%               n/a              n/a                                                Goodwill Impairment                     0.0             0.0               0.0              0.0           325.0
Capital Lease                Other            147.0              n/a              n/a               n/a              n/a                                                EBITDA (Debtwire Calc.)               879.0           827.0            -501.0           -449.0          -278.0

                                                                                                                                                                        Company Stated EBITDA                      n/a               -                 -               -             -
Total Debt                                    333.0

Revolver Availability                       USD 890.0


Covenants                                                                                                                    News / Notes
                   Covenant Test Period                         Financial Covenant                 Test             Actual   n/a
n/a                                                      n/a                                 n/a            n/a
Federal-Mogul Corporation                                                Post-Restructuring                   Company Description: Federal-Mogul Corporation is a supplier of powertrain and safety technologies, serving the original equipment
                                                                                                              manufacturers (OEM) of automotive, light commercial, heavy-duty, agricultural, marine, rail, off-road and industrial vehicles, as well as the
                                                                                                              worldwide aftermarket.


Company Information                                                                            Income Statement                                                                                    Balance Sheet Data
Ticker                                                             FDML                                                                       Current                    Fiscal Year Ending                                                       30-Jun-10         2009
Industry                                                       Automotive                                                         LTM         Period     Past Period            31-Dec             Cash & Equivalents                                  1020.0         1034.0
Fiscal Year Ending                                                 31-Dec                                                       30-Jun-10      1H10        1H09          2009            2008      Accts. Rec.                                         1119.0          950.0
S&P CFR                                                                B+                      Sales                                 5875.0     3087.0       2542.0        5330.0         6866.0   Inventories                                          803.0          823.0
Moody's CFR                                                            B1                      COGS                                  4911.0     2559.0       2186.0        4538.0         5742.0   Prepaids & Other Current Asset                       211.0          221.0
                                                                                               Gross Profit                           964.0      528.0        356.0         792.0         1124.0   Total Current Assets                                3153.0         3028.0
                                                                                               SG&A                                   684.0      349.0        355.0         690.0          774.0
Security Market Data                                                                           Other Expense/(Income)                  45.0       36.0         33.0          42.0          616.0   Property, Plant & Equipment, net                    1685.0         1834.0
Current Stock Price                           1-Oct-10         USD 19.00                       Operating Income (Loss)                235.0      143.0        -32.0          60.0         -266.0   Goodwill & Other Assets                             2246.0         2265.0
Bond Yield Low                                                       n/a                       Interest Expense                       129.0       65.0         68.0         132.0          180.0   Total Assets                                        7084.0         7127.0
Bond Yield High                                                      n/a                       Pre-tax Income                         106.0       78.0       -100.0         -72.0         -446.0
Bank Debt Price                                                   $88.64                       Income Taxes                           -22.0       11.0         -6.0         -39.0           19.0   Accounts Payable                                     611.0             537.0
                                                                                               Net Income                             128.0       67.0        -94.0         -33.0         -465.0   Accrued Liabilites                                   416.0             410.0
Select:           Company Stated EBITDA                                                                                                                                                            Other Current Liabilities                            211.0             236.0
TTM Credit Metrics & Profitability Ratios                                                      Cash Flow Statement Data                                                                            Total Current Liabilities                           1238.0         1183.0
Total Debt / TTM EBITDA                                                 4.45                                                                  Current                    Fiscal Year Ending
Net Debt / TTM EBITDA                                                   2.86                                                      LTM         Period     Past Period           31-Dec              Total Debt                                          2854.0         2857.0
TTM EBITDA / Interest Expense                                           4.97                                                    30-Jun-10      1H10         1H09         2009            2008      Other Long-Term Liabilities                         1802.0         1988.0
TTM Gross Margin                                                      16.4%                    Operating Cash Flow                    624.0      177.0        -119.0        328.0          627.0   Total Liabilities                                   5894.0         6028.0
TTM EBITDA Margin                                                     10.9%                    Capital Expenditures                   186.0       98.0          88.0        176.0          320.0
TTM Operating Margin                                                   4.0%                    Free Cash Flow                         438.0       79.0        -207.0        152.0          307.0   Preferred Stock                                        0.0            0.0
TTM Profit Margin                                                      2.2%                    Asset Sales                              4.0        2.0           0.0          2.0           13.0   Shareholders' Equity                                1190.0         1099.0
                                                                                               Net, Free Cash Flow                    442.0       81.0        -207.0        154.0          320.0   Total Liabilities and Equity                        7084.0         7127.0



Capital Structure                                                                                                                                                      EBITDA Calculation
                                                                                                                                                                                                                     Current                         Fiscal Year Ending
      Instrument           Seniority      Amount Out.      Maturity            Interest Rate         Price            Yield                                                                           LTM            Period         Past Period            31-Dec
TLB                     Senior Secured      1911.0         27-Dec-14            L + 194bps           88.64             n/a                                                                          30-Jun-10           1H10          1H09          2009            2008
TLC                     Senior Secured       975.0         27-Dec-15            L + 194bps           88.64             n/a                                             Company Stated EBITDA               641.0           341.0          203.0         503.0             762.0
Revolver                Senior Secured        0.0          21-Dec-13           L+150-200bps          88.31             n/a
Other                          -              76.0            n/a                   n/a               n/a              n/a
Debt Discount                  -             -108.0              n/a                n/a               n/a              n/a



Total Debt                                  2854.0

Revolver Availability                      USD 540.0              -                  -                 -                -


Covenants                                                                                                                      News / Notes
                   Covenant Test Period                         Financial Covenant                   Test             Actual   n/a
n/a                                                      n/a                                   n/a            n/a
Lear Corporation                                                   Post-Restructuring                       Company Description: Southfield, Michigan-based Lear Corporation (Lear) is a supplier of automotive seat systems and electrical power
                                                                                                            management systems. The Company operates in two business segments: seat and electrical power management systems. The company's equity is
                                                                                                            traded on the New York Stock Exchange under the symbol [LEA].


Company Information                                                                    Income Statement                                                                                                     Balance Sheet Data
Ticker                                                       NYSE:LEA                                                                            Current                      Fiscal Year Ending                                                                 3-Jul-10            2009
Industry                                                     Automotive                                                           LTM            Period      Past Period             31-Dec                 Cash & Equivalents                                       1,420.3           1,554.0
Fiscal Year Ending                                               31-Dec                                                          3-Jul-10         1H10         1H09           2009            2008          Accts. Rec.                                              1,888.1           1,479.9
S&P CFR                                                             BB-                Sales                                          11,268.1     5,977.8       4,449.3        9,739.6       13,570.5      Inventories                                                510.0             447.4
Moody's CFR                                                          B1                COGS                                           10,321.5     5,430.2       4,488.1        9,379.4       12,822.9      Prepaids & Other Current Asset                             336.8             305.7
                                                                                       Gross Profit                                      946.6       547.6         -38.8          360.2          747.6      Total Current Assets                                     4,155.2           3,787.0
                                                                                       SG&A                                              455.4       240.7         233.2          447.9          511.5
Security Market Data                                                                   Other Expense/(Income)                         -1,153.0        11.8          20.8       -1,144.0          587.2      Property, Plant & Equipment, net                           957.6           1,050.9
Current Stock Price                            1-Oct-10       USD 78.73                Operating Income (Loss)                         1,644.2      295.1         -292.8       1,056.3          -351.1      Goodwill & Other Assets                                  1,192.5           1,235.4
Bond Yield Low                                                    6.6%                 Interest Expense                                   76.1       32.3          118.7         162.5           190.3      Total Assets                                             6,305.3           6,073.3
Bond Yield High                                                   6.9%                 Pre-tax Income                                  1,568.1      262.8         -411.5         893.8          -541.4
Bank Debt Price                                                     n/a                Equity in net loss of affiliates                   62.1        0.0            0.0          62.1            37.2      Accounts Payable                                         1,799.0           1,547.5
                                                                                       Income Taxes                                        9.0       23.7           19.7           5.0            85.8      Accrued Liabilites                                         972.9             808.1
Select:           EBITDA                                                               Net Income                                      1,497.0      239.1         -431.2         826.7          -664.4      Other Current Liabilities                                   23.4              37.1
TTM Credit Metrics & Profitability Ratios                                                                                                                                                                   Total Current Liabilities                                2,795.3           2,392.7
Total Debt / TTM EBITDA                                             0.90               Cash Flow Statement Data
Net Debt / TTM EBITDA                                              -0.93                                                                         Current                      Fiscal Year Ending            Total Debt                                                697.3             935.2
TTM EBITDA / Interest Expense                                      10.17                                                          LTM            Period      Past Period            31-Dec                  Other Long-Term Liabilities                               490.2             563.6
TTM Gross Margin                                                   8.4%                                                          3-Jul-10         1H10          1H09          2009            2008          Total Liabilities                                        3,982.8           3,891.5
TTM EBITDA Margin                                                  6.9%                Operating Cash Flow                              487.3       266.0         -396.5         -175.2          163.6
TTM Operating Margin                                              14.6%                Capital Expenditures                             153.1        76.4           42.1          118.8          167.7      Preferred Stock                                            131.6             408.1
TTM Profit Margin                                                 13.8%                Free Cash Flow                                   334.2       189.6         -438.6         -294.0              -4.1   Shareholders' Equity                                     2,190.9           1,773.7
                                                                                       Asset Sales                                       33.7         0.0            0.0           33.7              51.9   Total Liabilities and Equity                             6,305.3           6,073.3
                                                                                       Net, Free Cash Flow                              367.9       189.6         -438.6         -260.3              47.8


Capital Structure                                                                                                                                                          EBITDA Calculation
                                                                           Interest                                                                                                                                             Current                            Fiscal Year Ending
   Instrument               Seniority       Amount Out.     Maturity         Rate           Price               Yield                                                                                            LTM            Period         Past Period                  31-Dec
Revolver                  Senior Secured         0          19-Mar-13      L +425bps         n/a                 n/a                                                                                            3-Jul-10         1H10            1H09             2009               2008
Bond                     Senior Unsecured      347.5        15-Mar-18       7.875%          106.00             6.55%                                                       Operating Income (Loss)                  1644.2          295.1            -292.8          1056.3             -351.1
Bond                     Senior Unsecured      347.1        15-Mar-20       8.125%          107.25             6.86%                                                       Depreciation & Amortization               264.4          128.9             136.8           272.3              304.6
Other                         Other             2.7            n/a            n/a             n/a                n/a                                                       Stock Based Comp                           15.3            4.3               9.1            15.3               19.2
                                                                                                                                                                           Reorganization items and fresh-sta      -1474.8            0.0               0.0         -1474.8               0.0
                                                                                                                                                                           Goodwill impairment charges               319.0            0.0               0.0           319.0             530.0
                                                                                                                                                                           Fixed asset impairment charges &            5.6            0.0               0.0             5.6              10.0
Total Debt                                     697.3                                                                                                                       EBITDA (Debtwire Calc.)                   773.7          424.0            -156.0           193.7             512.7

Revolver Availability:                       USD 110.0                                                                                                                     Company Stated EBITDA                       n/a                 -                 -               -               -


Covenants                                                                                                                       News / Notes
                Covenant Test Period                         Financial Covenant              Test              Actual           (1) Covenants only kick in when there are outstanding commitments under the revolver facility.
3Q 2010(1)                                                Cons. Leverage Ratio                       4.75                 n/a   n/a
3Q 2010(1)                                                Interest Coverage Ratio                    1.75                 n/a
FY 2010(1)                                                Max. CAPEX                        USD 200m                      n/a
Remy International Inc                                                     Post-Restructuring                  Company Description: The company is a global vehicular parts designer, manufacturer, remanufacturer, marketer and distributor of
                                                                                                               aftermarket and original equipment electrical components for automobiles, light trucks, heavy-duty trucks and other vehicles



Company Information                                                                             Income Statement                                                                                      Balance Sheet Data
Ticker                                                      PINK:RMYI                                                                          Current                    Fiscal Year Ending                                                               30-Jun-10          2009
Industry                                                     Automotive                                                            LTM         Period     Past Period             31-Dec              Cash & Equivalents                                          48.2              30.2
Fiscal Year Ending                                               31-Dec                                                          30-Jun-10      1H10        1H09           2009            2008       Accts. Rec.                                                201.5             181.4
S&P CFR                                                              n/a                        Sales                                 1004.1      539.8         446.4        910.7          1100.8    Inventories                                                126.6             130.5
Moody's CFR                                                          n/a                        COGS                                   783.2      424.9         362.4        720.7           916.4    Prepaids & Other Current Asset                              10.8              10.5
                                                                                                Gross Profit                           221.0      114.9          83.9        190.0           184.4    Total Current Assets                                       387.2             352.6
                                                                                                SG&A                                   111.2       57.8          48.4        101.8           109.7
Security Market Data                                                                            Other Expense/(Income)                   8.0        1.5           5.0         11.6            19.6    Property, Plant & Equipment, net                           129.8             135.5
Current Stock Price                            1-Oct-10         USD 11.00                       Operating Income (Loss)                101.7       55.6          30.5         76.6            55.2    Goodwill & Other Assets                                    432.7             439.2
Bond Yield Low                                                        n/a                       Interest Expense                        44.9       21.0          25.6         49.5            54.9    Total Assets                                               949.8             927.3
Bond Yield High                                                       n/a                       Pre-tax Income                          56.8       34.6           5.0         27.1             2.4
Bank Debt Price                                                       n/a                       Income Taxes                            18.7        7.7           1.9         13.0             6.8    Accounts Payable                                           147.7             128.1
                                                                                                Net Income                              38.0       27.0           3.0         14.1            -4.4    Accrued Liabilites                                           4.7               3.8
Select:             EBITDA (Debtwire Calc.)                                                                                                                                                           Other Current Liabilities                                  154.1             145.7
TTM Credit Metrics & Profitability Ratios                                                       Cash Flow Statement Data                                                                              Total Current Liabilities                                  306.6             277.5
Total Debt / TTM EBITDA                                               2.38                                                                     Current                    Fiscal Year Ending
Net Debt / TTM EBITDA                                                 2.03                                                         LTM         Period     Past Period           31-Dec                Total Debt                                                 334.9             340.2
TTM EBITDA / Interest Expense                                         3.14                                                       30-Jun-10      1H10         1H09          2009            2008       Other Long-Term Liabilities                                 78.6              90.9
TTM Gross Margin                                                    22.0%                       Operating Cash Flow                     77.5       36.2          31.3         72.7            12.0    Total Liabilities                                          720.1             708.7
TTM EBITDA Margin                                                   14.0%                       Capital Expenditures                    14.9        6.8           3.7         11.8            19.0
TTM Operating Margin                                                10.1%                       Free Cash Flow                          62.6       29.4          27.7         60.8            -7.0    Preferred Stock                                            149.9             135.5
TTM Profit Margin                                                    3.8%                       Asset Sales                              0.0        0.0           6.0          6.0             5.1    Shareholders' Equity                                        79.8              83.0
                                                                                                Net, Free Cash Flow                     62.6       29.4          33.7         66.8            -1.9    Total Liabilities and Equity                               949.8             927.2



Capital Structure                                                                                                                                                       EBITDA Calculation
                                                                                                                                                                                                                         Current                              Fiscal Year Ending
      Instrument             Seniority      Amount Out.     Maturity          Interest Rate           Price            Yield                                                                               LTM           Period          Past Period                 31-Dec
TL                           First Lien        149.2            6-Dec-13       L + 550bps              n/a              n/a                                                                              30-Jun-10         1H10            1H09              2009             2008
TL                         Second Lien         49.7             6-Jun-14       L + 850bps              n/a              n/a                                             Operating Income (Loss)               101.7               55.6          30.5                76.6             55.2
Revolver                  Senior Secured        0.0             6-Dec-12     L + 175 - 225bps          n/a              n/a                                             Depreciation & Amortization            29.7               15.3          17.5                31.9             25.8
Floating Rate Note       Senior Unsecured      133.0            1-Dec-14        L + 950bps            96.00             n/a                                             Stock Based Comp                        1.4                0.6           0.9                 1.8              1.8
Capital Lease                 Other             3.0               n/a              n/a                 n/a              n/a                                             Impairment                                 4.0             0.0            0.0                4.0              1.5
                                                                                                                                                                        Restructuring and other charge             4.0             1.5            5.0                7.6             15.3
                                                                                                                                                                        Reorganization items                       0.0             0.0            0.0                0.0              2.8
Total Debt                                     334.9                                                                                                                    EBITDA (Debtwire Calc.)               140.9               73.0          54.0             122.0             102.3

Revolver Availability                        USD 67.4                                                                                                                   Company Stated EBITDA                   N/A                  -                 -               -                -


Covenants                                                                                                                       News / Notes
                    Covenant Test Period                           Financial Covenant                 Test             Actual   n/a
n/a                                                       n/a                                   n/a            n/a
Visteon Corporation                                                   Post-Restructuring                   Company Description: Van Buren Township, Michigan-based Visteon Corporation is a Tier 1 multi-national supplier of automotive systems,
                                                                                                           modules, and components to global auto manufacturers and the automotive aftermarket. It also has regional headquarters in Basildon, UK and
                                                                                                           Shanghai, China. The company has a work force of approximately 35,500 employees. Visteon’s business is broken into five segments: Climate,
                                                                                                           Electronics, Interiors, Other and Services.


Company Information                                                                         Income Statement                                                                                         Balance Sheet Data
Ticker                                                            Private                                                                  Current                      Fiscal Year Ending                                                            30-Jun-10         2009
Industry                                                      Automotive                                                       LTM         Period       Past Period            31-Dec                Cash & Equivalents                                     979.0           962.0
Fiscal Year Ending                                                31-Dec                                                     30-Jun-10       1H10         1H09          2009            2008         Accts. Rec.                                          1,032.0         1,055.0
S&P CFR                                                               n/a                   Sales                                 7613.0       3849.0        2921.0       6685.0         9544.0      Inventories                                            351.0           319.0
Moody's CFR                                                           n/a                   COGS                                  6619.0       3327.0        2796.0       6088.0         9085.0      Prepaids & Other Current Asset                         466.0           369.0
                                                                                            Gross Profit                           994.0        522.0         125.0        597.0          459.0      Total Current Assets                                 2,828.0         2,705.0
                                                                                            SG&A                                   327.0        201.0         205.0        331.0          553.0
Security Market Data                                                                        Other Expense/(Income)                 192.0        111.0        -105.0        -24.0          309.0      Property, Plant & Equipment, net                     1,721.0         1,936.0
Current Stock Price                                                  n/a                    Operating Income (Loss)                475.0        210.0          25.0        290.0          -403.0     Goodwill & Other Assets                                425.0           378.0
Bond Yield Low                                                       n/a                    Interest Expense                       139.0        129.0          96.0        106.0           169.0     Total Assets                                         4,974.0         5,019.0
Bond Yield High                                                      n/a                    Pre-tax Income                         336.0         81.0         -71.0        184.0          -572.0
Bank Debt Price                                                  $101.10                    Income Taxes                           110.0         75.0          45.0         80.0           116.0     Accounts Payable                                       997.0             977.0
                                                                                            Net Income                             345.0         71.0         -90.0        184.0          -647.0     Accrued Liabilites                                     189.0             161.0
Select:           Company Stated EBITDA                                                                                                                                                              Other Current Liabilities                              327.0             302.0
TTM Credit Metrics & Profitability Ratios                                                   Cash Flow Statement Data                                                                                 Total Current Liabilities                            1,513.0         1,440.0
Total Debt / TTM EBITDA                                             0.32                                                                   Current                      Fiscal Year Ending
Net Debt / TTM EBITDA                                              -1.11                                                       LTM         Period       Past Period           31-Dec                 Total Debt                                             218.0           231.0
TTM EBITDA / Interest Expense                                       4.94                                                     30-Jun-10      1H10           1H09         2009            2008         Other Long-Term Liabilities                          4,013.0         3,803.0
TTM Gross Margin                                                  13.1%                     Operating Cash Flow                      549        173.0        -235.0        141.0          -116.0     Total Liabilities                                    5,744.0         5,474.0
TTM EBITDA Margin                                                  9.0%                     Capital Expenditures                     159         66.0          58.0        151.0           294.0
TTM Operating Margin                                               6.2%                     Free Cash Flow                           390        107.0        -293.0        -10.0          -410.0     Preferred Stock                                          0.0             0.0
TTM Profit Margin                                                  4.5%                     Asset Sales                                0          0.0           0.0          0.0             0.0     Shareholders' Equity                                  -770.0          -455.0
                                                                                            Net, Free Cash Flow                      390        107.0        -293.0        -10.0          -410.0     Total Liabilities and Equity                         4,974.0         5,019.0



Capital Structure                                                                                                                                                     EBITDA Calculation
                                                                                                                                                                                                                        Current                          Fiscal Year Ending
      Instrument           Seniority      Amount Out.     Maturity          Interest Rate         Price            Yield                                                                                  LTM           Period          Past Period            31-Dec
TL                      Senior Secured       500.0        18-Aug-10          L+625bps1            101.10            n/a                                                                                30-Jun-10          1H10            1H09          2009            2008
Other                       Other            143.0              n/a              n/a               n/a              n/a
                                                                                                                                                                      Company Stated EBITDA                   686.0           327.0            95.0         454.0             358.0

Total Debt                                   643.0


Revolver Availability                      USD 75.0


Covenants                                                                                                                   News / Notes
                   Covenant Test Period                        Financial Covenant                  Test            Actual   (1) Interest rate on the exit loan is L + 100bps with a margin of 625bps. The floor on the loan is 1.75%.
n/a                                                     n/a                                 n/a            n/a

				
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