likely to assume 18mm of phaidon related debt and =ake 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 =o to operating entities: phaidon press ($2mm) as debt; art space (7mm) as =ebt; and RA (11.5mm) as likely equity since that

likely to assume 18mm of phaidon related debt and =ake 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 =o to operating entities: phaidon press ($2mm) as debt; art space (7mm) as =ebt; and RA (11.5mm) as likely equity since that