A $200 million debtor-in-possession line of credit has been offered by Nortel Networks Inc. The beneficiary of that is Nortel Networks Limited, which is the Canadian operation. This is typical financing. In the first days of the bankruptcy protection filing, the court granted that they would have preferred status above all unsecured creditors. Since it is super-priority, I would say it's effectively secured financing, and it's certainly to the detriment of the net asset estate for Canada that is available to pay the pro rata share to the severance and the pension deficits of Canada.
On June 18th, 2009. See this statement in context.