Sentences with phrase «secured subordinated notes»

Axcelis will use a portion of the proceeds from the sale of its SEN interests to meet its obligations under its 4.25 % Convertible Senior Secured Subordinated Notes, which were due in January.

Not exact matches

There is no scheduled amortization under the Asset - Based Revolving Credit Facility; the principal amount of the revolving loans outstanding thereunder will be due and payable in full on May 17, 2016, unless extended, or if earlier, the maturity date of the Senior Secured Term Loan Facility and the Senior Subordinated Notes (subject to certain exceptions).

[Subordination: The Note shall be subordinated to all indebtedness of the Company to banks, commercial finance lenders, insurance companies, [leasing or equipment financing institutions] or other lending institutions regularly engaged in the business of lending money -LSB-(excluding venture capital, investment banking or similar institutions which sometimes engage in lending activities but which are primarily engaged in investments in equity securities)-RSB-, which is for money borrowed, [or purchase or leasing of equipment in the case of lease or other equipment financing,] whether or not secured.]

As expected, Axcelis has used US$ 86.4 million of the proceeds to repay Convertible Senior Subordinated Notes that were due in January but the company had failed to secure alternative finance last year to pay the nNotes that were due in January but the company had failed to secure alternative finance last year to pay the notesnotes.

The Senior Notes Will Not Be Secured And Will Be Effectively Subordinated To Future Secured Debt To The Extent Of The Value Of The Assets Securing Such Debt.

The firm is frequently called upon by major players in the region to advise on a variety of corporate finance mandates, with recent work highlights including assisting a group of financial institutions, acting as the deal managers, with General Shopping's offer to exchange subordinated unsecured notes for senior secured notes and equity.

Edward Sunderland acted for HSBC Bank on the amendment of Capital Bridging Finance No. 1 Limited securitisation documents to replace the mezzanine note with variable rate subordinated secured notes.

The Investcorp / TriLyn team will actively target income - producing commercial and multi-family residential properties in major markets throughout the United States, with a focus on acquiring or originating senior mortgage loans, subordinated debt (B notes), mezzanine debt, and bridge loans secured directly or indirectly by commercial real estate.