Sentences with phrase «bondholders who»

Two days later, on May 5, 2016, the Supreme Court of Canada denied leave to a group of Nortel's bondholders who sought to appeal the Ontario Court of Appeal's previous ruling that they were not entitled to more than US$ 1.6 billion in post-filing interest on their unsecured claims against Nortel, that had accrued since the insolvency proceedings were commenced in January, 2009.

But our legal and financial system doesn't afford any of these groups the same protections as the bondholders who hold billions in Arch debt or the Arch executives who expect significant bonuses for running a company into the ground.

It is these private bondholders who provided the funds for Citigroup to acquire questionable assets.

The management likely conspired with the bondholders against its shareholders, seemingly in an effort to gain a greater reward from the bondholders who would own the firm post-bankruptcy than they could from operating the firm outside of bankruptcy.

«With a sufficiently high likelihood of success, you can issue debt to attract a large group of bondholders who would be willing to put their money to work,» Lo says.

The company is now in debt to the bondholders who buy these debentures.

After three decades, loyal bondholders who had held their bonds lost 83 cents on every dollar they'd invested.

By «clean exit» the EU means that Greece must sell off enough of its assets to pay the ECB for the money it used to bail out bad loans of French and German banks and bondholders who financed tax evasion and capital flight to Switzerland and elsewhere for over 25 years.

To what extent should a country impose austerity and even depression on itself — more than a great recession, an entire lost decade on itself — simply to pay interest to bondholders who've been financing a fiscal system that hasn't really taxed the rich in Greece?

I take that back: the bondholders who financed the original buyout are the greater fools.

The money is being provided by other governments (mainly the German Treasury, cutting back its domestic spending) into a kind of escrow account for the Greek government to pay foreign bondholders who bought up these securities at plunging prices over the past few weeks.

The plan is to capitalize the target's cash flow (ebitda) into payments to the bankers and bondholders who advance the credit to buy out existing shareholders (or government agencies).

7 So the exchange bondholders who have euro - denominated bonds may be able to convince courts in Europe to order that they get paid — and those orders might be effective, since they would be entirely outside of U.S. jurisdiction.

Mr. Icahn, a bondholder who has known and been friends with Mr. Black for decades — the two have been longtime tennis partners — objected to some terms of the exchange and sued.

Not exact matches

While shareholders will receive only the slightest of premiums on their 12 - cent share price, the big winners are bondholders, who will recoup a greater share of their loans and not be saddled with stock in an operationally troubled and undercapitalized company.

But inflicting too much pain on bondholders could have dire long - term consequences, according to Kim Rueben, a senior fellow at the Urban Institute who specializes in municipal finance

Its biggest group of unsecured creditors are bondholders represented by the Bank of New York Mellon who are owed $ 658 million.

Then, President Obama went to the Group of Twenty meeting, after Tim Geithner, the Treasury Secretary, had been on the phone with Europe, and said that if Greece didn't pay the French and German bondholders, the American banks had made huge bets and would go under — and so would big European banks who were counterparties.

The issue is the method by which it was rescued - who was protected, and who was not; why a consortium was not used instead of a single firm; why the claims of Bear's bondholders should be secure while the public bears the risk of the toxic waste foisted upon us.

The restructuring will hand 90 percent of the company's equity to the Lighthouse bondholders, who also receive a 65 million euro «stub» bond that will rank alongside the company's senior secured bonds.

Some big ones are: (a) whether the draft PROMESA legislation raises retroactivity issues that make it unfair to bondholders (including mutual funds and their investors) who may be subject to restructuring ex post without having had notice of that possibility ex ante; (b) relatedly, whether creating a bankruptcy - like restructuring process for Puerto Rico is bad for bondholders because it prevents holdout creditors from holding up restructuring negotiations, (c) how much oversight and sovereignty Puerto Rico should cede (for example, different stakeholders feel differently about the installation of an oversight board); (d) the extent to which austerity measures are feasible and should be imposed [fn1], and (d) and what substantive reforms should be put enacted going forward.

Tawil, who specializes in corporate distressed debt situations, also noted that the proposal would likely have huge detrimental effects on bondholders.

The new plan also offers a major bow to bondholders and Wall Street credit rating agencies, who might be worried that state bonds — with payments guaranteed by the state's income tax revenues — could face future payment issues if Albany is to rely less on income tax collections.

Under Dr. Kaloyeros, the school has amassed at least $ 475 million in debt to banks and bondholders, partly because he and Gov. Andrew Cuomo, who decided to split off the college from the University at Albany, set up SUNY Poly to lead an upstate economic development scheme.

«And as long as we have useful tools who purport to be Republicans, like Dean Skelos, Bob Turner, and a swath of other who are not willing to stand up for principles, but who would rather knuckle under to the most extreme demands of far - left Democrats, Public Service Unions and well - funded special interests in exchange for job security, and who could not lead a one - car funeral on an abandoned stretch of the Thruway, idiots like me — Andrew Cuomo — will continue to roll over the legislature, the taxpayers, the bondholders, and the rest of New York's victims with nary so much as an objection.»

Brodsky says at least in a bankruptcy proceeding, everyone is treated fairly, including the bondholders, who currently don't suffer when a municipality borrows more money or relies on increased state aid to solve its problems.

He says bankruptcy legitimizes the notion that everyone is going to be treated equally, including bondholders, who he says so far have been able to collect 100 percent of what they're owed.

In the event of the issuer's bankruptcy, bondholders take priority over preferred shareholders in recouping their investment (who in turn rank ahead of common shareholders).

CEOs who are busy increasing dividends, repurchasing shares and making acquisitions may be doing things that stroke their own egos and favor shareholders over bondholders.

Its biggest group of unsecured creditors are bondholders represented by the Bank of New York Mellon who are owed $ 658 million.

The issue is the method by which it was rescued - who was protected, and who was not; why a consortium was not used instead of a single firm; why the claims of Bear's bondholders should be secure while the public bears the risk of the toxic waste foisted upon us.

The company worked out deal with some of its priority bondholders (folks who own almost $ 2 billion of Arch debt) which included a formal restructuring under the supervision of a bankruptcy court.

To start, huge tip of hat to our colleague Jim Middlemiss, who was live blogging all morning on the three hour hearing into the BCE Bondholders dispute.