Sentences with phrase «pay debt covenants»
While management can prop up shares by touting non-GAAP results, those results don't help pay debt covenants because the true cash flow is not available.
https://www.newconstructs.com/ Not exact matches
We expect that the New Credit Facility will contain a number of covenants that, among other things, restrict SSE Holdings» ability to, subject to specified exceptions, incur additional debt; incur additional liens and contingent liabilities; sell or dispose of assets; merge with or acquire other companies; liquidate or dissolve itself, engage in businesses that are not in a related line of business; make loans, advances or guarantees; pay dividends or make other distributions (with certain exceptions, including tax distributions and repurchases of management equity); engage in transactions with affiliates; and make investments.
Anyone who doesn't recognize that the Federal Reserve has done the same thing again — this time focused on the U.S. equity market and the market for low - grade junk and covenant - lite debt — is not paying attention to historically reliable data.
«There is not a man or woman, who violates the covenants made with their God, that will not be required to pay the debt.
Many lending covenants will keep companies to something like a 5 to 1 debt to earnings / EBITA ratio, so if the loan maturities are evenly spread out over 5 + years, it should be possible to become debt free by paying off the loans as they mature (by suspending dividends / capital reinvestment spending / deferring maintenance etc).
1) The debt must be paid back in 10 yrs 2) The debt must bear an interest rate charge that is not less than the government's prescribed amount at the time it is taken out 3) Interest on the debt must be paid not longer than 60 days after the end of the each year 4) There can be no covenant, guarantee, or indeminity to forgive the debt (i.e. — the debtee must have the full legal right to come after the debtor if the debtor defaults)
Through leveraging third party capital an organization can pay down its property debt with sales proceeds — creating capital liquidity to achieve materially lower interest rates, and / or more generous financial covenants.