EX-99.1 2 exhibit991q42015mor.htm QUARTERLY OPERATING REPORT Exhibit

Exhibit 99.1

UNITED STATES BANKRUPTCY COURT
SOUTHERN DISTRICT OF NEW YORK
------------------------------------------------------x
In re
:    Chapter 11
:
MPM Silicones, LLC, et al.,
:    Case No. 14-22503 (RDD)
:
Debtors.
:    (Jointly Administered)
------------------------------------------------------x

Quarterly Operating Report for the Period
From October 1, 2015 to December 31, 2015

Debtors’ Address:
260 Hudson River Road
 
Waterford, NY 12188
 
 
 
 
 
Debtors’ Attorneys:
Willkie Farr & Gallagher LLP
 
787 Seventh Avenue
 
New York, New York 10019
 
Telephone:  (212) 728-8000

This Quarterly Operating Report (“QOR”) has been prepared solely for the purposes of complying with the quarterly reporting requirements applicable in these Chapter 11 cases and is in a format that the Debtors believe is acceptable to the United States Trustee.  The financial information contained herein is limited in scope and covers a limited time period. Moreover, such information is preliminary and unaudited, and is not prepared in accordance with accounting principles generally accepted in the United States.
 
I declare under penalty of perjury that this report and the attached documents are true and correct to the best of my knowledge and belief.


/s/ Erick R. Asmussen
 
 
Erick R. Asmussen
 
February 1, 2016
Chief Financial Officer of
 
 
Momentive Performance Materials Inc. and
 
 
Momentive Performance Materials Holdings Inc.
 
 

1

In re MPM Silicones, LLC, et al.,
Case No. (Jointly Administered)
          Reporting Period:
14-22503
10/1/15 - 12/31/15
 
 
Federal Tax I.D.#
22-3775481

Schedule of Cash Disbursements


TIME PERIOD: 10/01/2015 through 12/31/2015


Debtor
Case Number
Total Cash Disbursements
Transfers*
Net Cash Disbursements
MPM Silicones, LLC
14-22503-RDD
$
—

$
—

$
—

Juniper Bond Holdings I LLC
14-22504-RDD
$
—

$
—

$
—

Juniper Bond Holdings II LLC
14-22505-RDD
$
—

$
—

$
—

Juniper Bond Holdings III LLC
14-22506-RDD
$
12,075,789

$
(12,075,000
)
$
789

Juniper Bond Holdings IV LLC
14-22507-RDD
$
12,075,789

$
(12,075,000
)
$
789

Momentive Performance Materials Holdings Inc.
14-22508-RDD
$
—

$
—

$
—

Momentive Performance Materials Inc.
14-22509-RDD
$
326,914,188

$
(286,427,753
)
$
40,486,435

Momentive Performance Materials Quartz, Inc.
14-22510-RDD
$
66,539,522

$
(36,979,807
)
$
29,559,715

Momentive Performance Materials USA Inc.
14-22511-RDD
$
633,718,304

$
(417,247,224
)
$
216,471,080

Momentive Performance Materials Worldwide Inc.
14-22512-RDD
$
19,367,017

$
(19,366,987
)
$
30

Momentive Performance Materials South America Inc.
14-22513-RDD
$
104,874

$
—

$
104,874

Momentive Performance Materials China SPV Inc.
14-22514-RDD
$
—

$
—

$
—

 
Total
$
1,070,795,483

$
(784,171,771
)
$
286,623,712



* Funds transferred between US debtors have been deducted from the disbursements schedule


2