As I understand it, the club is
clear of bank debt although it does have an external credit facility borrowed against future TV revenues.
That 3.3 % is supposed to be a blend of the
cost of bank debt and the higher return required by investors for their equity in the house.
Under the agreement TORM will defer a substantial
portion of its bank debt and also avail new liquidity and savings from its restructured time charter book.
So we the taxpayers are going to eat a ton of bank losses that should instead be borne first by stockholders and bondholders This program should be labeled the Pimco bailout plan, since the giant bond fund holds a
lot of bank debt.
Long - term liabilities typically
consist of all bank debt or stockholder loans payable outside of the following 12 - month period.
The financing needs coming due in the first quarter «imply that euro area banks will not have extra money as a result of the three - year auction to purchase European sovereign bonds, using a carry - trade strategy, because the amount of fresh cash is less than the
amount of bank debt that will mature during the quarter», Powell wrote recently.
That's because, as Bloomberg Economist David Powell recently pointed out, the 191 billion euros of new loans are less than the
value of bank debt scheduled to come due this quarter alone.
I am reminded of Irelands very low debt to GDP before the housing crash and
onboarding of bank debt to national balance sheet.
«The club announced on 31 May 2017 the
completion of the bank debt financing for the new stadium with a consortium of banks involving Bank of America Merrill Lynch International Limited, Goldman Sachs Bank USA and HSBC Bank plc..
Well, nearly every day I get a nagging feeling, try to ignore it and finally (with a start) wonder if I was off sick the day the Irish government explained EXACTLY why they took on tens of
billions of bank debts / losses?!
But much of this burden comes from the wholesale
assumption of bank debt by their idiot gombeen politicians, with no care or recognition for the will of the Irish people.
«The total capital requirement for these projects is an estimated US$ 5 billion, which will be financed through a
combination of bank debt, development bank financing, and equity partners.
Second, bank capital requirements should be altered to require a substantial
portion of bank debt to be of a form that automatically converts to equity in the event of capital inadequacy.
«This program should be labeled the Pimco bailout plan, since the giant bond fund holds a
lot of bank debt.»
Out of the proceeds, Wendy's / Arby's will use $ 132.5 million to repay
some of its bank debt.
of bank debt & fresh equity.
In turn, with just # 29m in cash assets, this made it impossible to manage its substantial # 900m
of bank debt and a similarly burdensome # 600m pension fund deficit.