Question-and-Answer Session
Operator
Thank you sir. Ladies and gentlemen, today's question-and-answer session will be conducted electronically. (Operator Instructions). We will take our first question from [Julie Lim].
Julie Lim
Yes, question. You mentioned that there is somebody trying to arrange a refinancing. What is the name of the company? I heard Wallace & Company?
Ron Sherwood
Well, I would say Wallace is our debt advisory partner in connection with the debt refinancing and negotiations. The lenders involved are JPMorgan is the lead administrative bank, and Bank of America is a leading participating banker or co-leading bank in the process and there is a number of other banks on a worldwide basis that are involved.
Then, the note holders are a number. I will not go into all the note holders but there is a very strong group of insurance companies and others that are present in the note holder group, and as we have said we have had very constructive discussions with the banks and note holders to date. We think that we will likely get a deal or refinancing done with them over time. The discussions are currently very active.
Julie Lim
Sorry, just one last question. So what does Wallace bring to the table? Just in terms of expertise or what do they add to this process? They define??.
Ron Sherwood
It Moelis & Company and that is spelled M O E L I S, and they have significant experience in advisory work both on an investment banking basis and a debt advisory basis.
Julie Lim
Okay. Thank you.
Ron Sherwood
You are welcome.
Operator
Thank you ladies and gentlemen. (Operator Instructions).
Ron Sherwood
Okay. So if there is no further questions, we would like to conclude the conference call at this point. We want to thank you very much for joining us. It is a pleasure to talk to you today and look forward to following up over time with all of you. Thanks a lot. Bye-bye.
Operator
Ladies and gentlemen, that does conclude today's conference. We appreciate your participation and have a wonderful day.
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