This means that new acquisitions and development must be funded with a continuous stream of
debt and equity issues.
Investment banks often say that underwriting
debt and equity issues for companies brings in trading activity, and vice versa.
Not exact matches
The office would also police
debt markets
and oversee institutional traders, high - frequency traders, new bond
and equity issues and disclosure relationships between investment advisers
and their clients.
This new clearing house, which requires approval from Canadian regulators, would allow companies to
issue conventional
equity and debt using a digital token representing a share in a business, also known as a tokenized security.
But cross-country differences in
equity returns declined to pre-crisis levels while the range of yields on
debt securities
issued by banks
and by non-financial corporations also narrowed, suggesting that there is some integration at least in prices of financial instruments.
If we raise additional funds through further issuances of
equity, convertible
debt securities, or other securities convertible into
equity, our existing stockholders could suffer significant dilution in their percentage ownership of our company,
and any new
equity securities we
issue could have rights, preferences,
and privileges senior to those of holders of our Class A common stock.
At the same time, what is counted as cash on the sidelines, whether in money market funds, or as tiny balances in
equity funds, is nothing but a mountain of short - term
debt securities, mostly Treasury bills, that have been
issued and must be held by somebody until they are retired.
This would likely be a game changer for
equity and credit markets, reducing the incentive for companies to
issue debt and buy back shares.
In the July 2010 version of their paper entitled «The Impact of Investor Sentiment on the German Stock Market», Philipp Finter, Alexandra Niessen - Ruenzi
and Stefan Ruenzi test the predictive power of a composite sentiment measure combining consumer confidence, net
equity mutual funds flow, put - call ratio, aggregate trading volume, initial public offering (IPO) returns, number of IPOs
and aggregate
equity - to -
debt ratio of new
issues.
This collateral (i.e., permissible vehicles investments) may include: (i) match - funded assets,
and, (ii)
debt securities,
equity securities
and other financial instruments
issued or guaranteed by the US government or its agencies, sovereign governments, supra - national entities, corporations, financial institutions
and asset - backed or mortgage - backed issuers that are the subject of credit support agreements.
A rise in interest rates — in part related to tax cuts which will stimulate the economy
and require the government to
issue more
debt — caused many investors to revalue their stock holdings (
equities are often valued in part based on their expected returns versus a risk - free Treasury).
Davis also provides financial advisory services primarily related to the valuation of privately - held
equity and debt issued by financial services companies
and advisory related to capital structures
and M&A.
Domestic issuance of hybrid securities (that is, those securities that contain features of both
debt and equity) has also been strong recently, with $ 0.8 billion
issued in the June quarter,
and a further $ 0.8 billion in July.
The starting point for becoming more sophisticated on financial
issues is to learn the difference between
debt and equity and what types of funding are available for different types of businesses.
Steven also addresses
issues such as
equity financing, founder compensation, stock option plan,
debt transaction, SaaS agreements, terms of use, copyright, trademark
and technology protection.
The panel discussed
debt and equity crowdfunding in the Canadian capital markets; as well as capital formation, regulatory
issues, investor protection
and social welfare.
Rumblings are getting louder that
issues at takeover target Bradken are causing headaches, as private
equity suitors Pacific Equity Partners and Bain Capital try to stitch together the debt finance to fund a
equity suitors Pacific
Equity Partners and Bain Capital try to stitch together the debt finance to fund a
Equity Partners
and Bain Capital try to stitch together the
debt finance to fund a deal.
It's a general term that refers to any financing vehicle (
debt or
equity but typically
issued by private sector participants) that bridges the gap between senior
debt and sponsor
equity.
The company expects to
issue both
equity and debt to finance the acquisition.
Equity money for the LBO often comes from the investment banker or LBO specialist that arranges the buyout
and underwrites the
debt issue.
When a company with a large amount of
debt attempts to
issue equity, or shares, to fund itself, the cost of this
equity will be relatively higher in terms of expected dividends
and share appreciation.
The Fund may engage in active
and frequent trading of portfolio securities to achieve its investment objective... the Fund will invest in a portfolio of securities including:
equities,
debt, warrants, distressed, high - yield, convertible, preferred, when -
issued... options, total return swaps, credit default swaps, credit default indexes, currency forwards,
and futures... ETFs, ETNs
and commodities.»
The bond index is a broad index that is designed to measure 430 of the 500
equity issuers who have
issued debt,
and it includes both investment -
and high - rated securities.
This could encourage them to
issue debt and retire stock, which should be good for
equity returns.
However, midstream pipelines share something else in common with REITs: they often
issue debt and equity to finance growth.
Before last summer, lenders were eager, so many public companies dutifully
issued debt and bought back stock, increasing firm value by increasing
debt /
equity ratio, as in the academic model.
Individual
issues in the Fund typically sell at reasonable valuation levels
and are supported by above - average corporate profitability, accelerating earnings growth
and low
debt /
equity ratios.
Lendkey, a leading lending partner for banks
and credit unions, announced that they have raised $ 13 million in Series C funding, according to a press release
issued in late July.The $ 13 million Series C fund is a combination of $ 8 million in
equity funding as well as $ 5 million in
debt financing.
Prodigy Finance, a fin - tech startup
and online student loan lender, has announced that they have raised $ 240 million in
equity and debt funding, according to a press release
issued on August 21st.
Companies with
debt / interest in excess of that risk suffering: i) a significantly adjusted price for their
equity in the event of a takeover — acquirer will refuse to take on
debt, or will take on
debt but haircut
equity to compensate, ii) an eventual rights
issue / placing to pay - down
debt — this will probably hurt the share price
and / or dilute intrinsic value per share significantly, or iii) investors will mark down company severely at some point.
Companies need to finance their operations,
and the three major sources of financing are their own cash,
debt (they
issue bonds),
and equity (they
issue shares).
The value of the shareholder
equity and debt issued by most financial institutions is ample buffer.
Both are ETNs, or exchange traded notes which are similar to ETFs but structured differently
and issued as senior
debt like a bond rather than
equity in the underlying commodity like a stock.
there are dodgy mlps, certainly,
and those in fact are the ones that are most popular / fastest movers — LINE
and ARLP come to mind — brains raised on on biotech
and dot.com growthstock models must see fast growth to fire synapses at all; but there are honest to goodness businesses in the segment as well;
and the model they use — pay out all cashflow +
issue new
equity for growth — is neither «fancy» (this used to be the standard British model of stock - market capitalism until 1980s or so) nor unsustainable (most manage 50/50
equity /
debt split
and total
debt well under 4x cashflow).
You can buy a house in cash, then immediately set up a HELOC («home
equity line of credit», a common type of loan offered by banks
and mortgage companies that is backed by home
equity, that does not require you to incur the
debt or accrue interest until you draw on the line of credit, typically with a checkbook or debit card
issued to you) to maintain liquidity, getting the best of both paths.
Stocks (
equity investments),
debt instruments, income trust units, mutual funds
and other forms of investments that are
issued in the securities markets.
He advises private
and public companies on legal
issues ranging from entity formation, operations, employee matters,
and contract preparation
and negotiation to corporate finance
and business combination transactions, including securities offerings,
debt and equity financing transactions, mergers, stock / asset acquisitions,
and other corporate partnering transactions.
We regularly work with the firm's corporate lawyers on major
equity and debt offerings, mergers, acquisitions
and spin - offs, evaluating significant intellectual property
issues ranging from patent protection for lead products
and product candidates to the intellectual property positions of close competitors.
He advises clients on federal
and state tax
issues, including business formations,
equity compensation, mergers
and acquisitions,
debt and equity offerings, tax accounting,
and other tax planning matters.
James Lewis has over 25 years» experience in a broad range of international
and domestic corporate finance transactions; IPOs
and equity and debt issues, acting for the issuer
and the sponsor / broker; public
and private mergers
and acquisitions (including by takeover offer
and scheme of arrangement);
and redomicile transactions
and reorganisations.
Advisor to ZCCM - IH on the restructuring of ZCCM - IH's balance sheet by converting the historic
debt owed to the Government of Zambia following the privatisation programme, to
equity and a raising of up to ZMW2.5 billion (approximately USD $ 409 million) additional capital by way of a claw back rights
issue underwritten by NAPSA;
She specialises in
debt and equity - linked capital markets
issues and has advised issuers
and underwriters on a wide range of capital markets products.
He has also advised investment banks
and issuers on a large number of
equity,
equity - linked
and debt offerings, including initial public offerings
and rights
issues.
Members of the firm have represented clients in connection with private placements of
equity and debt securities, venture capital, project finance, joint venture transactions, IPO's
and ongoing SEC
and state securities compliance
issues
BHP Billiton
and Petrohawk Energy Corporation («Petrohawk») announced late yesterday that the companies have entered into a definitive agreement for BHP Billiton to acquire Petrohawk for $ 38.75 per share by means of an all - cash tender offer for all of the
issued and outstanding shares of Petrohawk, representing a total
equity value of approximately $ 12.1 billion
and a total enterprise value of approximately $ 15.1 billion, including the assumption of net
debt (more...)
In the derivatives arena, Morgan Lewis advises
and counsels banking clients around the globe on a wide variety of
issues with respect to all categories of over-the-counter
and exchange - traded derivatives, including
equity,
debt, credit, commodity, interest rate, currency,
and weather derivatives.
As legal advisors to EQT of matters relating to Luxembourg companies law, prior to the closing of the transaction our involvement consisted of implementation
and organisation of the acquisition structure, negotiation of transaction documentation relating to the transaction,
and in particular the (
equity and debt) instruments
issued by the various Luxembourg entities being part of the acquisition structure,
and various security arrangements granted in connection thereto.
Mr. Murphy's substantive experience includes a wide range of complex tax
issues, including economic substance
and business purpose, foreign tax credits,
debt /
equity, transfer pricing
and a variety...
If the report is to be passed as law, ICO issuers in the country will have to clearly lay out how funds were raised, how the assets
and profits are to be distributed among investors
and the owners of the project; plus, how the ICO -
issuing entity will distribute
equity and debt.
And late last year, Spotify had to hammer out a way to mollify a pair of investors who had
issued debt to Spotify that would only convert to
equity when the company officially IPO'd.