He has worked on public and private debt and equity offerings, exchange offers and
debt restructurings by U.S. and non-U.S. issuers in a variety of industries.
Not exact matches
Valeant is currently attempting a massive
restructure and
debt payoff, including
by focusing on key portfolios like its gut, skin, and eye drug franchises.
A large share of Italian
debt issued under domestic legislation does not have any contract terms and is regulated
by an Italian law that gives the Italian Treasury ample latitude to
restructure the
debt... The composition of Italian public, however, is changing rapidly because in January 2013, Eurozone members started issuing bonds with standardized contract terms.
An independent expert's report into Atlas Iron's
debt restructure plan has found lenders would get a much lower dividend if the scheme isn't approved
by creditors later this month.
The economist - who once described the austerity imposed
by Greece's creditors as «fiscal waterboarding» - said his new MeRA25 party would revive the economy through
debt restructuring and other measures.
SINGAPORE, April 29 - Noble Group will set a date for a special meeting to seek shareholder approval for a $ 3.4 billion
debt restructuring after a Singapore court blocked its scheduled annual meeting following legal action
by a dissident shareholder.
Local efforts
by GDB and other Puerto Rican
debt issuers to reach a
debt restructuring are running in parallel with plans in the U.S. Congress to draft legislation aimed at solving the island's economic crisis, possibly
by allowing it to
restructure debt and putting its finances under federal oversight.
So it needs to
restructure its
debts, and creditors are going to get their heads handed to them, and a bankruptcy filing is now the chosen mechanism
by which to do this.
But the warning
by the governor about a broad
restructuring raised new questions about the government's willingness to pay the
debt owed
by Prepa and other government enterprises on the island.
Madrid can confound elite consensus and move aggressively to
restructure Spain's external
debt while redefining its participation in the euro, for example
by leaving the euro while committing credibly (i.e. with German support) to rejoin the currency union at some specified future date.
That's likely because any
restructuring deal that could conceivably return the company to health required such a massive write - down in
debt that debtholders hoped to get more of their money back
by simply selling off the company's assets.
In my first week as minister for finance I was visited
by Jeroen Dijsselbloem, president of the Eurogroup (the eurozone finance ministers), who put a stark choice to me: accept the bailout's «logic» and drop any demands for
debt restructuring or your loan agreement will «crash» — the unsaid repercussion being that Greece's banks would be boarded up.
Birchbox's executive team led
by Beauchamp believes the company's move toward profitability, coupled with the
debt restructuring, gives it a good shot at remaining independent and potentially raising more capital, according to sources.
Unfortunately, Mr. Krugman's failure to see today's economic problem as one of
debt deflation reflects his failure (suffered
by most economists, to be sure) to recognize the need for
debt writedowns, for
restructuring the banking and financial system, and for shifting taxes off labor back onto property, economic rent and asset - price («capital») gains.
For a third example, not everyone in the early 1960s believed that the USSR would inevitably overtake the US economically before the end of the century, but excluding fierce anti-Communists predicting fire and brimstone, I don't know anyone who expected that
by the 1980s the USSR would essentially be insolvent (technically it wasn't, but LDC
debt traders nonetheless included the country in their universe of defaulted or
restructuring sovereign borrowers).
In July 2014, Debtwire informed that Fortress and other hedge fund companies were trying to take a more active role facing a possible
restructuring of the
debt acquired
by the government of Puerto Rico.
Its creditors have agreed to
restructure some of this
debt in return for equity, which will reduce the
debt by $ 500 million.
Sbarro expects to cut its
debt load
by more than 80 percent, and said nearly all its lenders support its
restructuring, which requires court approval.
They snap up struggling publicly traded companies, with the help of some
debt financing, spend a few years turning them around
by restructuring or shedding businesses and then they sell them back to public stockholders, ideally at a gain.
Briefly, PROMESA establishes an independent oversight board, provides for a bankruptcy - like
debt restructuring process, and requires submission of a Fiscal Plan
by Puerto Rico.
Restructured debt backed
by Treasuries and issued
by emerging market countries after defaulting on original loans.
Puerto Rico would have been left in a bind in which it had no access to the U.S. municipal bankruptcy process but was preempted from enacting any analogous
debt restructuring mechanism
by Section 903 (1) of that same Bankruptcy Code, per Franklin California Tax - Free Trust.
The U.S. Senate on June 29 approved a bill that will allow Puerto Rico to
restructure roughly $ 70 billion of
debt in return for accepting involvement
by a federal oversight board.
A report on Puerto Rico's financial problems
by former International Monetary Fund economists, published
by the territory's Government Development Bank on June 29, suggested the U.S. territory reform its labor markets and other areas to improve competitiveness and potentially
restructure its
debts.
CORPORATE FINANCING NEWS: CORPORATE
DEBT By Gordon Platt Distressed debt and bankruptcy restructurings completed in 2012 more than doubled from 2011 to $ 423 billion, according to Thomson Reut
DEBT By Gordon Platt Distressed
debt and bankruptcy restructurings completed in 2012 more than doubled from 2011 to $ 423 billion, according to Thomson Reut
debt and bankruptcy
restructurings completed in 2012 more than doubled from 2011 to $ 423 billion, according to Thomson Reuters.
The
debt -
restructuring petition was filed
by Puerto Rico's financial oversight board in the U.S. District Court in Puerto Rico under Title III of last year's U.S. congressional rescue law known as PROMESA.
The top five
debt restructurings of 2012 were Greece and the Tribune Company, followed
by Kazakhstan's BTA Bank, Washington Mutual and Mexican cement producer Cemex.
The media and entertainment industry accounted for 34 % of the US
debt -
restructuring market last year, led
by the Tribune Company's $ 13 billion deal.
Through this mechanism, the portion of the
debt owed to the Banks amounting to about GHC 800 million was
restructured by leveraging some proceeds that had accrued from the levy.
This was
restructured by the «Paris Club», and left Russia with a
debt of about $ 60 billion.
Republicans suggest
restructuring debt, increasing the estimate of sales taxes expected to be collected next year and adopting cost - saving measures proposed
by the county's financial control board, the Nassau Interim Finance Authority.
A decade later, Inez Dickens tied her approval of the massive rezoning of 125th Street to the city's agreement to
restructure longstanding
debt held
by the GHHDC into a $ 2.5 million «forgivable loan.»
But in October, the De Blasio administration announced that they'd help staunch that loss
by committing $ 250 million to preserve 15,000 units
by working with owners to implement repairs and
restructure debts.
The governor was joined in Puerto Rico
by more than a dozen New York lawmakers and public health leaders who offered advice on how to
restructure an economy burdened with $ 72 billion of
debt that Puerto Rican leaders do not believe they will be able to repay.
In seven months, he has sufficiently demonstrated his mettle in this regard,
by first
restructuring the state's exposure to commercial banks, thereby saving the state about N3bn monthly in
debt servicing.
As indicated in the Mid-Year Fiscal Policy Review, Mr Ofori - Atta said government planned to
restructure the
debt of the energy sector SOEs by leveraging the Energy Debt Recovery Levy component of the E
debt of the energy sector SOEs
by leveraging the Energy
Debt Recovery Levy component of the E
Debt Recovery Levy component of the ESLA.
Democrats» efforts to include
debt restructuring powers for Puerto Rico in the House's massive omnibus spending bill fell short, yielding only a commitment from Republican leadership to work on legislation that would help the ailing island
by next spring.
And NIFA contends that plans to save $ 7.5 million
by restructuring county
debt would yield only $ 5.5 million in savings next year — leaving a $ 2 million budget gap.
Republicans said they would replace the fee revenue
by restructuring county
debt; boosting estimates of sales tax revenue; using unspent money from the 2017 budget and reducing police overtime projections.
The school faces a budget crisis that requires it to
restructure its
debt and cut its operating budget
by $ 10 million.
In 1996, in response to these concerns, Varmus, then director of NIH, impaneled a group of experienced clinical investigators and academic health center administrators to make recommendations that might guide the NIH toward policy changes to alleviate the concerns in the clinical research community.14 Several of the panel's recommendations have been implemented, including increased support of the General Clinical Research Center budget, expanded support of training in clinical research, and the establishment of NIH - sponsored educational
debt relief programs for clinical investigators.15 - 18 The panel also recommended
restructuring of NIH peer review groups so that patient - oriented grant applications would be evaluated
by study sections in which at least half the grant applications involve patient - oriented research.
Of course,
restructuring mortgage
debt by swapping principal for a claim on future appreciation (with the Treasury administering a «conduit fund» to collect, aggregate and disburse those claims) would be one of the best ways of minimizing the need for these bailouts in the first place.
The classic McElvaine holding is a firm of significant size in its own industry, with a reasonable
debt load, headed
by an owner - CEO who is in the middle of
restructuring the company.
Implementation of the Taxpayer Protection and Bank Recapitalization regime that allows a failing bank to be
restructured by converting its
debt into common stock instead of having taxpayers bail it out
The Scam «We'll reduce your
debts by 70 % through a government mandated
debt relief program» «We
restructure your
debt through a 100 % legal program approved
by the court» «We work for you and not your creditors» Have you heard of these catchy slogans from
debt consultants who will tell you anything you would like to hear?
A few weeks ago, we covered a trending topic in the news — the growing rate of seniors entering retirement in
debt — and this week we thought we'd follow it up
by discussing the issue of talking about financial
restructuring with aging parents.
Now, I must point out: i) Independent News & Media is currently in the throes of a
debt & pension
restructuring — this could possibly improve things, but I'm not convinced it's going to be sufficient, and / or dilution for existing shareholders might be so bad ultimately the shares might as well be worthless, and ii) I still say my zero valuation for Continental Farmers Group was about right (God, just look at cash,
debt & cashflow in their latest results), but shareholders are v fortunately getting bailed out
by the Saudis at GBP 36p per share.
I have followed your advice of paying up for confirmation
by purchasing some Sirius Real Estate shares after the
debt restructuring, although I think the convertible issue put small shareholders on a disadvantage compared to Karoo Investment Funds and fear there is more to come.
The intent was to provide individuals with a procedure for
restructuring their personal
debts in the same manner that businesses could,
by using a simplified version of the proposal to creditors.
a) Disputes filed - 18 months b) Inquiries - 2 years c) Payment profile -5 years d) Information related to a consumers payment behavior such as slow payer, defaulted or absconded - 1 year e) Information relating to the action that a credit provider has taken against a consumer to enforce a
debt such as handed over, legal action or write - off - 2 years f) Debt restructuring - Until a clearance certificate is given g) Civil court judgments - 5 years or until the court removes it h) Administration orders (orders to put a consumer under administration)- 10 years or until the court removes it i) Sequestrations (order given by the court where the consumer is insolvent)- 10 years or until the court removes it j) Liquidations (order given by the court where the consumer is insolvent)- no time limit k) Court order removing a liquidation or sequestrations after all the debt was paid - 5 years l) Other information (information not covered above)- 2 years Other Useful Topics Learn how to dispute information on your credit report in South Afr
debt such as handed over, legal action or write - off - 2 years f)
Debt restructuring - Until a clearance certificate is given g) Civil court judgments - 5 years or until the court removes it h) Administration orders (orders to put a consumer under administration)- 10 years or until the court removes it i) Sequestrations (order given by the court where the consumer is insolvent)- 10 years or until the court removes it j) Liquidations (order given by the court where the consumer is insolvent)- no time limit k) Court order removing a liquidation or sequestrations after all the debt was paid - 5 years l) Other information (information not covered above)- 2 years Other Useful Topics Learn how to dispute information on your credit report in South Afr
Debt restructuring - Until a clearance certificate is given g) Civil court judgments - 5 years or until the court removes it h) Administration orders (orders to put a consumer under administration)- 10 years or until the court removes it i) Sequestrations (order given
by the court where the consumer is insolvent)- 10 years or until the court removes it j) Liquidations (order given
by the court where the consumer is insolvent)- no time limit k) Court order removing a liquidation or sequestrations after all the
debt was paid - 5 years l) Other information (information not covered above)- 2 years Other Useful Topics Learn how to dispute information on your credit report in South Afr
debt was paid - 5 years l) Other information (information not covered above)- 2 years Other Useful Topics Learn how to dispute information on your credit report in South Africa.