Not exact matches
«Part of the reason for the stock price decline
in 2014 was likely due to the
issuance of
equity to acquire Severstal,» Racey said.
Business credit has been falling, but this has been more than offset by increases
in non-intermediated sources of funding, such as
equity raisings and corporate bond
issuance.
The Company uses the proceeds raised from the
issuance of units to invest
in SMEs through local market sub-advisors
in a diversified portfolio of financial assets, including direct loans, convertible debt instruments, trade finance, structured credit and preferred and common
equity investments.
While
equity does not require repayment over a defined time period, an entrepreneur's stake
in his or her company is diluted through the
issuance of
equity to outside investors.
In addition, we intend to file a registration statement to register approximately 141,358,176 shares of our capital stock reserved for future
issuance under our
equity compensation plans.
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.
The table above does not include (i) 5,952,917 shares of Class A common stock reserved for
issuance under our 2015 Incentive Award Plan (as described
in «Executive Compensation — New Employment Agreements and Incentive Plans»), consisting of (x) 2,689,486 shares of Class A common stock issuable upon exercise of options to purchase shares of Class A common stock granted on the date of this prospectus to our directors and certain employees, including the named executive officers,
in connection with this offering as described
in «Executive Compensation — Director Compensation» and «Executive Compensation — New
Equity Awards,» and (y) 3,263,431 additional shares of Class A common stock reserved for future
issuance and (ii) 24,269,792 shares of Class A common stock issuable to the Continuing SSE
Equity Owners upon redemption or exchange of their LLC Interests as described
in «Certain Relationships and Related Party Transactions — SSE Holdings LLC Agreement.»
In addition, you may also experience additional dilution, or potential dilution, upon future
equity issuances to investors or to our employees and directors under our 2015 Incentive Award Plan and any other
equity incentive plans we may adopt.
It also addresses transactions
in which an entity incurs liabilities
in exchange for goods or services that are based on the fair value of the entity's
equity instruments or that may be settled by the
issuance of those
equity investments.
The three
equity incentive plans described in this section are the 2010 equity incentive plan, or the 2010 Equity Plan, the 2010 stock incentive plan, or the 2010 Stock Plan, and the 2000 stock option / stock issuance plan, as amended, or the 2000
equity incentive plans described
in this section are the 2010
equity incentive plan, or the 2010 Equity Plan, the 2010 stock incentive plan, or the 2010 Stock Plan, and the 2000 stock option / stock issuance plan, as amended, or the 2000
equity incentive plan, or the 2010
Equity Plan, the 2010 stock incentive plan, or the 2010 Stock Plan, and the 2000 stock option / stock issuance plan, as amended, or the 2000
Equity Plan, the 2010 stock incentive plan, or the 2010 Stock Plan, and the 2000 stock option / stock
issuance plan, as amended, or the 2000 Plan.
In addition, we also recorded Related - Party Warrants at fair value of $ 83.4 million on the date of
issuance as a reduction to the carrying amount of the related - party debt and a corresponding increase to stockholders»
equity.
From a historical standpoint, however, when the
equity market has joined persistent overvalued, overbought, overbullish extremes with deteriorating market internals, with a cherry on top featuring two - tiered speculation
in glamour stocks and heavy new
issuance of stock by companies that predominantly have no earnings, we find it difficult to find any precedent that hasn't worked out quite badly.
Meanwhile, Albert Edwards of SocGen suggested that there has been an excessive «move away from
equities»
in recent years — instead of noting, for example, that the volume of U.S. government debt foisted upon the public (even excluding what has been purchased by the Fed) has doubled since 2007, not to mention other sources of global debt
issuance, while the market capitalization of stocks has merely recovered to its previously overvalued highs.
Significant increases
in capital have spurred little production growth, and share
issuance has severely diluted
equity investors.
This innovative structure includes a replenishment feature, which allows BXMT to maintain the 82 % advance rate of the initial loans and the CLO
issuance (coupled with the $ 392 million
equity raise
in December) reduced BXMT's debt - to -
equity ratio to only 2.0 x (down significantly from 2.6 x as of 9/30).
For non-financial corporates, total net non-intermediated capital raisings (that is,
issuance of short and long - term debt securities, hybrids and
equities, all net of maturities / buybacks) reached record levels
in the December quarter.
These concerns might recently have been exacerbated by changes
in the pattern of corporate financing:
in countries
in which the swap spread has increased the most — the US and UK — growth
in private sector bond
issuance has been relatively large, while net
equity issuance has been low (or even negative as
in the United States).
Notwithstanding the value destruction that has resulted from the carpet - bombing of investors by
equity issuance to finance ill - conceived capital programs, we find many reasons to consider investing selectively
in gold - mining
equities.
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.
Aggregate
equity raisings
in the September quarter were
in line with average
issuance of the past few years, with net
issuance totalling $ 4 billion.
Capital raisings from other types of
equity issuance, which include rights issues, placements and dividend reinvestment plans, were also strong
in the quarter.
Instead of relying on
equity issuance, corporations
in Indexville have the option of funding new investment out of their own profits.
Finally, GM's quick repayment of the loans has whetted the appetite of some commentators (including DeCloet) for the ultimate repayment of the full government contribution. That would occur through the
issuance of public
equity by GM and Chrysler, creating a market for those stocks into which the government would presumably sell its shares. There is even some nefarious language
in the rescue packages requiring the government to sell off its shares within specified, relatively aggressive timelines. The more I think about it, the less this makes sense — neither for the auto industry, nor for taxpayers. Why not hang onto the
equity stake? If the companies recover and the
equity gains market value, then the government will be able to claim that on its balance sheet (hence officially recouping the cost of its written - off contributions and creating a budgetary gain).
Australia ranks second only to China
in equity capital markets
issuance in the Asia - Pacific region (excluding Japan) this year, as the region's rise
in issuance mirrors a broader global increase.
Thinking of bonds as having sold a put option to the
equity, why not look at the amount that the stocks of the companies issuing the bonds had fallen
in price since
issuance of the bonds?
In combination with the anti-dilution provisions contained in the Convertible Preferred Stock (the «BFC Preferred»), an equity issuance at current levels would be significantly dilutive to existing shareholders (even if completed through a Rights Offering
In combination with the anti-dilution provisions contained
in the Convertible Preferred Stock (the «BFC Preferred»), an equity issuance at current levels would be significantly dilutive to existing shareholders (even if completed through a Rights Offering
in the Convertible Preferred Stock (the «BFC Preferred»), an
equity issuance at current levels would be significantly dilutive to existing shareholders (even if completed through a Rights Offering).
In the most recent 10 - Q, the Company justified the now - proposed action to authorize the
issuance of additional
equity by highlighting concerns regarding the March 2011 maturity of the LOC.
Compounded by the anti-dilution provisions contained
in the Company's Convertible Preferred Stock, an
equity issuance of this magnitude would be significantly dilutive to existing shareholders.
I would imagine that by using the Tier 1 capital ratio
in the valuation, the
issuance of preferred stock and payment of preferred dividends would affect the reinvestment
in regulatory capital and hence the free cash flow to
equity.
From a historical standpoint, however, when the
equity market has joined persistent overvalued, overbought, overbullish extremes with deteriorating market internals, with a cherry on top featuring two - tiered speculation
in glamour stocks and heavy new
issuance of stock by companies that predominantly have no earnings, we find it difficult to find any precedent that hasn't worked out quite badly.
I assumed that ONB would do an
equity issuance sufficient to cut the warrants
in half.
Typically that's three years after the
issuance of debt deals that should never have been done, but
in this environment, there is so much private
equity amd vulture capital around that I don't see many troubled assets not getting financing.
Here's an example from American Capital Agency's (NASDAQ: AGNC) 2013 annual filings:» [W] hile our stockholders bear the risk of our future
equity issuances... diluting the value of their stock holdings
in us, the compensation payable to our Manager will increase as a result of future
issuances of our
equity securities.»
'' [W] hile our stockholders bear the risk of our future
equity issuances... diluting the value of their stock holdings
in us, the compensation payable to our Manager will increase as a result of future
issuances of our
equity securities.»
So, that's my preferred measure for how much has the underlying value of the firm increased: growth
in fully diluted tangible book value (ex-AOCI), adding back dividends, and subtract out net
equity issuance / buyback measured not at cost, but at the current market price.
I see only two choices really: i) Cash Machine — to maximise revenue / ARPU, retain subscribers, increase margins, conserve cash, and focus on debt pay - down & dividends, or ii) Growth Machine — to pursue hell for leather growth
in revenue, services & subscribers, potentially sacrificing margin, and using cash flow / debt (& perhaps additional
equity issuance) to fund the required capex and acquisitions.
Growth
in fully diluted tangible book value (ex-AOCI) is a good measure of firm performance, if you add back dividends, and subtract out net
equity issuance / buyback measured not at cost, but at the current market price.
Equity issuance, debt amortization, re-financing & property revaluations have left the sector
in an enviable position — with a cap weighted average of only 55 %.
He advises a broad range of financial and corporate clients on the structuring, negotiation and execution of various
equity - linked transactions, including public and private convertible debt and preferred stock
issuances and associated derivative transactions, accelerated share repurchase programs, registered forward sale transactions, margin loan transactions
in respect of large stakes
in publicly traded companies, and
equity - linked hedging and monetization transactions.
Global law firm Norton Rose Fulbright has advised Greencoat UK Wind PLC (Greencoat UKW), the leading listed renewable infrastructure fund,
in connection with a # 340 million
equity offering which forms part of Greencoat UKW's new share
issuance programme and the acquisitions
in 2017 of eight wind farms.
Practicing
in Houston, she has represented domestic and international clients
in a variety of industries
in connection with initial public offerings, public and private
issuances of
equity and debt securities, exchange offerings, joint ventures, mergers, acquisitions and dispositions.
We regularly draft and negotiate documentation for the financial transactions
in which businesses are involved, such as public and private debt and
equity arrangements, initial and follow - on public offerings, bank financing, and the
issuance of convertible debt or hybrid securities.
Securities law encompasses numerous regulations and procedures that,
in the absence of dedicated legal expertise, will frustrate any enterprise that hopes to syndicate its business via the
issuance of
equity or debt.
We represent financial institutions and their corporate clients
in acquisition finance across a variety of industry sectors, including senior, mezzanine, first - and second - lien, bridge, leveraged buy - out, and private
equity financings; high - yield debt
issuances; and securitizations and sale - leaseback transactions.
Fineqia International Inc. (CSE: FNQ)(OTCPink: FNQQF)(Frankfurt: FNQA) announced on Monday it has made a cash investment for an
equity stake
in Nivaura, which recently demonstrated the world's first crypto - currency denominated bond
issuance that was cleared, settled and registered entirely on a public blockchain.
Equity Residential will pay its portion of the purchase price with $ 2.016 billion
in cash, including proceeds from asset sales, and the
issuance of 34,468,058 shares of common stock, plus the assumption of $ 5.5 billion
in secured debt.
•
equity issued by us
in exchange or conversion of exchangeable senior notes based on the stock price at the date of
issuance;
• any other
issuances by us of common
equity, preferred
equity or other forms of
equity, including but not limited to limited partnership interests
in an operating partnership (excluding
equity - based compensation, but including
issuances related to an acquisition, investment, joint venture or partnership); and