Sentences with phrase «subordinated debt»

Berkshire received a $ 2.1 billion minority equity interest in the Wrigley subsidiary and took on $ 4.4 billion of subordinated debt as part of the deal.

To start, he needed both people and funds — futuristic home doodads don't invent themselves — so he secured $ 12.5 million in subordinated debt financing from the Business Development Bank of Canada and Quebec's Fonds de solidarité FTQ, with flexible five - year payment terms (the latter a reward for years of solid financial management).

With a clear idea of what to expect from subordinated debt as a financing option, what type of lender would an interested business owner look to?

Malcolm has extensive experience representing lenders and borrowers in secured and unsecured debt financings, including syndicated senior bank credit facilities, first and second lien financings, asset - based (ABL) credit facilities, mezzanine and other subordinated debt financings, debtor - in - possession financings, public and Rule 144A debt offerings, and convertible debt transactions.

But, he concedes, borrowers are paying more for subordinated debt than they were a few months ago.

CSDC will leverage the award into a new $ 10 million loan fund that will have an emphasis on subordinate debt and leasehold improvement financing that will, in turn, further leverage approximately $ 83.5 million in new private sector financing for urban and rural charter schools serving predominately low - income student populations.

Mezzanine and other subordinated debt lenders couldn't be happier.

The cost of protecting the company's subordinated debt from default for five years using credit - default swaps has more than doubled since the end of 2015, rising to 438 basis points, a four - year high, from 187.

Flaherty supports the proposal, arguing in an April letter to his G20 counterparts that embedded contingent capital would «force the costs of excessive risk - taking to be removed from taxpayers and placed on to the right people — shareholders and subordinated debt holders — thus improving market discipline.»

Borrowers can't always get what they want The commercial real estate mortgage market's big push to re-introduce underwriting discipline among senior lenders has jolted the investment world, giving subordinated debt lenders more leverage to deny aggressive borrowers.

As of September 30, 2011, Tier 1 common capital was $ 55.0 billion, consisting of Tier 1 capital of $ 63.1 billion less preferred stock of $ 3.1 billion and junior subordinated debt issued to trusts of $ 5.0 billion.

Introduced to the Canadian market in March 1999, as long - term junior subordinated debt instruments.

More subordinated debt is getting issued.

Further, there is a yield hunger on the part of buyers that allows corporations to sell debt, even subordinated debt cheaply.

Pressed by hedge fund billionaire John Paulson to split itself in two, The Hartford Financial Services Group has finalized a $ 2.43 billion deal to buy back outstanding warrants and subordinated debt held by German financial services giant Allianz, which rescued the insurer with a $ 2.5 billion cash infusion in 2008.

Indeed, the more intense focus on loans is giving subordinated debt lenders more financing opportunities as the need for additional capital grows among borrowers.

Subordinated debt offers business owners access to capital they may be unable to obtain from a bank due to a lack of tangible assets to offer as collateral.

Since joining Citi in 2000, Mr. Albano has covered nearly all disciplines of the commercial real estate industry including: equities, direct investments, fund / platform investments, loan origination, M&A, asset management, subordinate debt structuring and placement, corporate finance, and loan syndications.

While at Credit Lyonnais, Mr. Fink helped develop the institution's High Yield Department and specialized in investing in high yield subordinate debt.

Common and Preferred Equity need to get whacked hard, and subordinated debt needs to take a haircut.

Their investments are typically hybrids, involving subordinated debt with an equity component.

Typically, subordinated debt funds are the source for this type of financing.

Subordinated debt enables a business owner to raise capital by relying on the company's potential income combined with the strength of the specific industry and its assets, rather than having lenders look solely at a company's tangible assets.

For example, a project with 70 percent bank debt, 10 percent subordinated debt and 20 percent equity, could be viewed by the senior lender as a project having roughly 70 percent bank debt and 30 percent equity.

Gerard Bucas, president of computer - peripherals maker Great Valley Products, a $ 32 - million S corporation in King of Prussia, Pa.: «Last year we raised $ 5 million in venture capital, which we structured as subordinated debt so we'd be able to retain our S - corporation status.

The second fund in the credit opportunities series will target subordinated debt securities, corporate mezzanine, asset - backed investments and speciality finance.

It invests in the equity and subordinated debt tranches of collateralized loan obligations (CLOs).

On the one hand, I rode the recovery story in cheap large caps, but additionally I kind of «discovered» distressed and subordinated debt which offered amazing risk / return opportunities.

In 1981, NCB was privatized as a member - owned financial institution, and the seed money was converted into subordinated debt.

Many «core» Canadian fixed income managers have made a good living by holding large amounts of bank subordinated debt and more recently the capital securities (essentially preferred shares) of all five major banks.

AIG Life Holdings, Inc. — backed senior unsecured debt Baa1, backed junior subordinated debt Baa2 (hyb);

The May 16, 2014 Wall Street Journal article entitled Higher - Yielding Bank Debt Draws Interest highlights the appetite for higher yields including subordinated debt and preferred stock.

On appeal from: [2015] EWCA Civ 485 These appeals considered the proper ranking of certain subordinated debt in the insolvency «waterfall»,...

She advises clients on corporate finance, bankruptcy and creditor - debtor relations law, and counsels public and private companies in connection with senior and subordinated debt facilities and receivables financing, including factoring transactions and securitizations and the issuance of true sale and non-consolidation opinions.

That's because mezz and other subordinated debt providers typically secure their loans with an interest in the property's ownership group.

A higher leveraged financing option typically used when the existing senior lender prohibits subordinated debt financing.

The removal of support for subordinated debt is consistent with recent actions we've taken elsewhere, including in many European countries, reflecting the increased likelihood that sub-debt holders would be subject to burden sharing in the event support was required.

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 common stock.

Core Capital generally used to correspond to Equity (Ordinary plus Preferred Share Capital), but became horribly corrupted in the past decade with all kinds of contingent / subordinated debt instruments masquerading as Equity.

Here's a wild thought: we need the same thing on a broader and more complex scale, allocating the embedded losses in our financial system to their rightful recipients, wiping out common, preferred equity, and subordinated debt as needed, and forcing the conversion of debt claims to equity, delevering the system in a colossal way.

The Hartford Financial Services Group has finalized a $ 2.43 billion transaction to buy back outstanding warrants and subordinated debt held by German financial services giant Allianz, which rescued the insurer with a $ 2.5 billion cash infusion in 2008.

Much of that activity is still to come, and investment advisors aim to either partner with developers or provide subordinated debt or preferred equity to help prevent defaults.