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(5) As a consequence of their pension !~ <br />obligations, however, Debtors cannot continue in business without <br />bankruptcy relief and cannot reorganize separately because they <br />each require the same relief concerning such obligations. <br />h. Debtors intend to reorganize as going <br />concerns, rather than to liquidate. <br />i. There are no guarantees between any of the <br />Debtors as to any unperformed obligations. Although the <br />performance of certain obligations by Pueblo Railroad Service <br />Company under an agreement with Chemetron Railway Products, Inc., <br />is guaranteed by The Colorado L Wyoming Railway Company, it is <br />the position of Debtors that Pueblo Railroad Service Company has <br />performed all of its obligations under that agreement (calling <br />far 25,000 welds) by providing approximately 60,000 welds. <br />j. No property of one of the Debtors has been <br />pledged to secure the debts of another, except that CFSI Steel <br />Corporation has obtained a 5200,000 letter o! credit to secure <br />performance of an obligation of CFiI Fabricators of Utah to Nucor <br />Steel. <br />k. There are several unsecured intercompany <br />debts between the Debtors which Nava been incurred in the <br />ordinary course of their businesses but none of such intercompany <br />debts are disputed. Moreover, the amounts of these debts are <br />relatively small in light o! the joint and several liability of <br />the Debtors !oz pension obligations estimated in excess of $140 <br />million. <br />8 <br />