The Settlement Proposal ... The “standard offer,” which is open to all holders of Untendered Debt, whether or not they have pari passu injunctions, provides for payment equal to 100% of the principal amount of the relevant debt securitiesplus up to 50% of that original principal as interest.
The Republic’s Proposal contemplates two settlement categories. The first, known as the “Standard Offer,” is open to all FAA bondholders, and provides for a cash payment equal to the original principal of the bond plus 50% of that principal, classified as interest.
The Proposal contemplates two frameworks for settlement. The “Standard Offer,” which is open to all FAA bondholders, whether or not they have Injunctions, provides for payment equal to 100% of the principal amount of the bond plus up to 50% of that original principal as interest.