Andy was also recognized by TMA for his work representing certain
debtholders in transactions involving DeepOcean Group (f / k / a Trico Marine Group), the 2012 Turnaround of the Year «International Company» winner.
Prior to a tender / consent going public, Morrow Sodali can identify
debtholders in a discreet manner and provide our clients and their advisors with an accurate depiction of the institutional profile.
Not exact matches
The Canadian stores will remain open, and the profits will remain
in Canada and reinvested
in the business instead of being extracted out by its U.S. parent
in order to pay
debtholders.
In her memo, Uhrman writes: «Given our
debtholder's timeline, the process will be quick.
During that time, the group reached out to more than 100 potential investors, and while five expressed interest
in taking over the company, ultimately no deal emerged that satisfied
debtholders.
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 the unlikely event that Citigroup goes under, my balanced mandates will stand in line with the other unsecured debtholders of Citigroup to receive paymen
In the unlikely event that Citigroup goes under, my balanced mandates will stand
in line with the other unsecured debtholders of Citigroup to receive paymen
in line with the other unsecured
debtholders of Citigroup to receive payment.
Usually those are held by the equityholders (or management, who sometimes act
in their own interest, not that of the shareholders), and senior or secured
debtholders.
I'll throw this out as my next prediction
in this space: they both go into conservation, and
in runoff, claimants get paid off, senior
debtholders get nicked, subordinated
debtholders lose a lot, and the equity is a zonk.
In other words, these
debtholders have problems paying back their loans.
Debt is cheaper than equity, given
debtholders are paid first
in the hierarchy of a hypothetical liquidation bankruptcy scenario.
But depositors and senior
debtholders should be guaranteed,
in order to protect other financial institutions that invest
in those instruments, thus avoiding contagion effects.
Kerkorian's stake would be wiped out
in a bankruptcy filing, which gives secured
debtholders priority over stockholders
in relation to assets.
The Turnaround Management Association (TMA) selected Chassix Holdings Inc. as its 2016 Turnaround of the Year «Mega Company» winner and,
in that connection, recognized Andy and Alice Belisle Eaton for their work on behalf of certain Chassix
debtholders.