Sentences with phrase «junior debt holders»

In the case of default, creditors with unsubordinated debt would get paid out in full before the junior debt holders.

Not exact matches

Holders of senior debt secured by a claim to assets of the company will be first in line, followed by junior / subordinated debt holders, followed by preferred stockholders, and finally those holding commonHolders of senior debt secured by a claim to assets of the company will be first in line, followed by junior / subordinated debt holders, followed by preferred stockholders, and finally those holding commonholders, followed by preferred stockholders, and finally those holding common stock.

Then, in a stroke of luck for Kerzner, Brookfield Asset Management, a Toronto - based global asset manager and the junior B - note holder on the debt, came up with a restructuring proposal.