From: Brad Wechsler
To: Jeffrey Epstein <jeevacation@gmail.com>
CC: Richard Joslin
Subject:
Date: Tue, 03 Feb 2015 16:18:46 +0000
As u know the trusts are likely to assume 18mm of phaidon related debt and make available an additional 20-
24mm. Trustees prelim point of view was to put money in as debt at phaidon global (holding co) and then have
dollars go to operating entities: phaidon press ($2mm) as debt; art space (7mm) as debt; and RA (11.5mm) as
likely equity since that seemed consistent with Idb agreement with judith.
Without making this too complicated I obviously wld like to maximize tax benefits for leon and/or the trusts now
or in the future. Do you have a big picture point of view? Thx, b
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EFTA00865116