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.
PAID CONTENT — May 22 — The owners of PlanetOut hope to raise $ 15 million + in new equity or
subordinated debt as it tries to dig out from $ 26.5 million in debt.
James joined Triangle Capital (NYSE: TCAP)-- a publicly traded business development company focused on a variety of customized financing solutions including first lien, unitranche, and
subordinated debt as well as equity for lower middle market companies — in 2010.
Not exact matches
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.
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.
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.
We invest across the entire capital structure, including senior and
subordinated, secured and unsecured
debt as well
as equity, in both public and private large - cap and middle - market companies.
Focused on clean energy infrastructure assets in North America, including solar, wind, energy efficiency, storage, and water, the Fund seeks to encompass a broad array of investment structures, such
as senior
debt,
subordinated debt, and preferred equity.
In addition to senior
debt, we offer second lien loans
as a
subordinated financing solution to increase your leverage.
We estimate recoveries could potentially range from 30 percent or less for
subordinate, unsecured or appropriated
debt to
as high
as 100 percent for bonds that are deemed by the courts
as secured.
As far as I am aware, this agreement is the first since the Young Plan for Germany's reparations debt to subordinate international debt obligations to the capacity - to - pay principl
As far
as I am aware, this agreement is the first since the Young Plan for Germany's reparations debt to subordinate international debt obligations to the capacity - to - pay principl
as I am aware, this agreement is the first since the Young Plan for Germany's reparations
debt to
subordinate international
debt obligations to the capacity - to - pay principle.
The $ 208.4 million Phase 2 project will be funded with a $ 49.7 million HPTE capital payment, $ 8.2 million in State of Colorado funds, $ 2.6 million in federal funds, $ 14.8 million from local sources, $ 20 million in PABs, $ 20.6 million in private equity, $ 20.6 million in
subordinated debt, $ 8.6 million in pay -
as - you - go toll revenues and $ 3.4 million from other sources.
In such a structure, the investment grade ratings for senior
debt helps the DOT evaluate its credit risk
as a
subordinate lender.
Debtors with financial dilemmas run into the arms of
debt management companies to be rescued and act
as the
subordinates between them and the creditors.
In 1981, NCB was privatized
as a member - owned financial institution, and the seed money was converted into
subordinated debt.
As John Deysher explained in the August 2010 issue of the AAII Journal («Preferred Stocks: An Overlooked Alternative»), preferred stocks provide a stream of income and are senior to common stock, but they are
subordinate to
debt.
They use several ways to invest, such
as subordinated loans, private equity, and venture
debt.
Then there is the insult added to injury,
as S&P downgrades the preferred stock and
subordinated debt.
Bonds issued
as subordinated debt will pay interest and principal but only after all interest that is due and payable has been paid on any and all senior
debt.
While holders of
Subordinated Debentures do enjoy a legally enforceable contractual right to cash payments,
as a practical matter, having that enforceable right usually is akin to having the right to commit suicide because a
Subordinate's rights to cash payments virtually always are subrogated to the senior
debts» rights to priority payments.
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.
Finkelstein focuses his practice on representing corporate trust institutions
as indenture trustees and agents in connection with domestic and cross-border
debt capital markets transactions, such
as offerings of corporate and municipal, high - yield and investment grade, secured, unsecured and
subordinated, convertible, public and private
debt issued under trust indentures of domestic and international issuers.
Klayman regularly represents lenders and borrowers in leveraged finance transactions involving senior, mezzanine and
subordinated debt and equity offerings and co-investments,
as well
as in general lending matters.
Indeed, the more intense focus on loans is giving
subordinated debt lenders more financing opportunities
as the need for additional capital grows among borrowers.
As a Managing Director at JP Morgan, Mr. Kosonen is responsible for the origination, underwriting, closing, and structuring of
debt investments (first mortgage and
subordinate debt) secured by commercial real estate for CMBS and the firm's balance sheet.