* Reaches tentative term sheet agreement with creditors and shareholders, wamu
atty tells court
* Agreement to help clear way to end bankruptcy--wamu atty
* Agreement provides for litigation trust to pursue 3rd party claims
post-bankruptcy--wamu atty
* Agreement provides for shareholders to own post-bankrupt company--wamu atty
* Post-bankruptcy Washington Mutual Company to receive $100 million
credit facility to fund acquisitions--wamu atty
* Hopes to document settlement in next 7 to 10 days, expects June 29
confirmation hearing--wamu atty
* Hopes to exit bankruptcy in middle of August--wamu atty
* Hopes to have new reorganization plan on file by June 6 hearing--wamu atty COPYRIGHT Copyright Thomson Reuters 2011. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
© 2011 AFX News
