📄 Extracted Text (373 words)
To: Jeffrey Epstein[[email protected]]
From: Eileen Alexanderson
Sent: Fri 8/30/2013 7:48:54 PM
Subject: RE: Re:
Thanks, have a good weekend!
From: Jeffrey Epstein [mailto:[email protected]]
Sent: Friday, August 30, 2013 3:47 PM
To: Eileen Alexanderson
Subject: Re:
fine
On Fri, Aug 30, 2013 at 3:34 PM, Eileen Alexanderson <
wrote:
Hi, we are teeing up to establish $10mil line of credit from Black Family Partners to Phaidon Global LLC
early next week.
We've determined the following documentation is in order to establish this as true business transaction:
1) Loan Agreement (between BFP and Phaidon Global LLC)
2) Guaranty Agreement (by 1997 Trust)
3) Pledge Agreement (for two artworks as collateral)
4) Ins. Certificate
5) UCC-1 filing
6) Art Appraisal
7) resolutions for both borrower and lender
B of A was willing to give us a rate of 2.0% over LIBOR with the guarantee from the Trust.
Lloyds was charging Phaidon 3.5% over the base rate with a debenture as security.
Can I charge set this up with 2 over LIBOR or do I need to do more?
Good to go on this?
EFTA_R1_00433380
EFTA01959837
Thanks.
Eileen Alexanderson
Black Family Partners. L.P.
Vo Apollo Management
9 W 57th Street
New York NY 10019
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EFTA01959837
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