Sentences with phrase «equity conversion for»

Former rare earths market darling Lynas Corp is deep in talks with its largest bondholder about a potential debt - to - equity conversion for which it will seek shareholder approval in November.

Not exact matches

Perth - based Swan Gold Mining has completed a one - for - 10 share consolidation as part of a restructuring of the company that it proposes including a capital raising of up to $ 20 million and debt to equity conversion of more than $ 29 million.

Both SAFE and convertible notes allow for a conversion into equity, but while a convertible note can allow for the conversion into the current round of stock, or a future financing event, a SAFE only allows for a conversion into the next round of financing.

Typically this conversion is at a discount to the next equity round (to compensate the debt investors for their risk) and sometimes carries warrants (same rational) or a cap on the equity price that the debt converts into.

«Absent material equity valuation improvements for Ares and KKR, we expect further conversions of Fitch - rated alternative investment managers to be decreasingly likely, given that the remaining managers generally have more incentive income which would not benefit from the lower tax rate,» said Meghan Neenan, head of North American Non-Bank Financial Institutions at Fitch.

The Series A Preferred shall also be convertible into any future series of Preferred Stock (the «Future Preferred») under either of the following circumstances: (a) if such conversion is approved by the Board or (b) if such conversion is in connection with a future Preferred Stock equity financing in which the Company's fully diluted pre-money valuation is greater than the Company's fully diluted post-money valuation immediately following the Series A Financing contemplated by this term sheet (a «Future Financing»), in either case, on a one - for - one basis (subject to anti-dilution adjustment) at the option of the holder; provided however, if such conversion is in connection with a Future Financing, that the holder may convert into shares of Future Preferred only in the event that all of such shares of Future Preferred received by the holder upon conversion are sold to an Approved Investor (as defined below) no later than 90 days following the first closing of the Future Financing at a price per share no lower than the price per share at which the Company sells shares of such Future Preferred in the Future Financing and, provided further, that such Approved Investor is not an affiliate, family member, or related party of the holder.

We were also thinking that if an acquisition came to fruition, we could at that time reward our investors w / conversion to equity or a higher return in order to provide a further reward for their assistance / investment.

However, Ms Lacaze told The Australian Financial Review if two of the largest bondholders, Mt Kellett and Fortress, which formed a strategic alliance in 2015, were to convert 100 per cent of the bonds and exercise all of their warrants they would emerge with more than 40 per cent of the company's equity but she added a further shareholder approval would have to be sought for a conversion of that extent.

What the government calls home equity conversion mortgages — HECMs — have been a trouble spot for the FHA because of high claim levels.

Not should the FHA ask Congress for $ 800 million to support the home equity conversion mortgage (HECM) program, but should the FHA be insuring loans which are increasingly risky.

All that said, reverse mortgages, which usually come in the form of federally insured home - equity - conversion mortgages (HECMs), can be the right option for the right people in the right circumstances.

Otherwise known as a home equity conversion mortgage, a reverse mortgage uses your current home equity to pay off your remaining mortgage, with any remaining money available for your use tax - free.

Also known as a home equity conversion mortgage, a reverse mortgage can use your existing equity to pay off your remaining mortgage, with any remaining tax - free money available for your use.

For the moment, these registered accounts can accept deposits in USD and clients can trade (and hold) USD equities, however withdrawals from the account will result in a currency conversion back into CAD.

FHA reverse mortgages, also called home equity conversion mortgages (HECM), provide homeowners 62 and over with a method for paying off existing mortgages and drawing on remaining home equity.

Reverse Mortgage Counseling We help to educate seniors on the benefit, consequences, option and process of obtaining a home equity conversion mortgage, and enable them to make a more educated decision about whether this type of loan is right for them.

Addressing concerns about increasing default rates for reverse mortgage loans, FHA has issued new guidelines for servicing reverse mortgages, which HUD calls home equity conversion (HECM) loans.

And, for parents who have seen the value of their homes rise dramatically in the last 10 years, a reverse mortgage or home equity conversion mortgage (HECM) is often an attractive way to assist adult children in entering the property market.

In fact, reverse mortgages are one of the few types of financial transactions that have federally mandated financial counseling that go along with funding for an home equity conversion mortgage (HECM).

With 10,000 baby boomers retiring each day, and most of them with underfunded retirement plans, the home equity conversion mortgage is quickly becoming the most popular way for them to actually enjoy retirement!

Clients enrolled in the U.S. - Friendly RRSP will not be subject to a retail spread on FX conversions for U.S. equity, options and mutual fund trades executed in the account, and a mid-market SCI Rate will be applied to the trades executed.

In the case of home equity conversion reverse mortgages, the loans are non-recourse, meaning that even if the house sells for less than the balance of the loan, the lender will not seek to recoup the difference from the borrower or the borrower's estate.

ReverseVision, Inc. is the leading software and technology provider for the reverse mortgage industry, offering products and services focused exclusively on the home - equity conversion mortgage (HECM) and related reverse mortgage programs.

We advise on debt and equity investments, including the use of bonds, loan notes and conversions, short term and working capital funding, as well as leveraged finance, asset finance, lease financing transactions, private equity transactions, management buy - ins and buy - outs, preparing companies for sale and routes to market.

We will no longer accept new premiums for investment in or permit transfers to the Oppenheimer Equity Income Fund on or after the conversion date.

The firm provides senior and mezzanine debt, as well as preferred equity, to opportunistic developers for condo conversions and other property types.

Established in 1997, the National Reverse Mortgage Lenders Association (NRMLA)» is the national voice of the reverse mortgage industry, serving as an educational resource, policy advocate and public affairs center for lenders, as well as related professionals... Over 90 % of the reverse mortgages in the United States today are originated or purchased by NRMLA members, and over 95 % of the reverse mortgages originated in the United States at this time are home equity conversion mortgage («HECM») loans insured by the FHA.»

There are different answers to the question of how to get equity out of your home for the purpose of cash conversion.