Not exact matches
The first three show the weakness of the position of the
holders of the
notes, in that you can be diluted or
subordinated.
ACLS received around $ 35.9 M in cash after applying $ 86.4 M of the proceeds to meet obligations to the
holders of the company's 4.25 % Convertible Senior
Subordinated Notes, upon which ACLS defaulted in January.
The Company also recently completed a privately negotiated transaction with a
holder of the Company's 4 % Convertible
Subordinated Notes due February 2011 (the «2011
Notes») in which the Company retired a total of $ 4.8 million of the 2011
Notes for an aggregate purchase price of $ 3.8 million or a 21 % discount off of face value.
Clifford Chance has advised Emirates NBD P.J.S.C. («ENBD «-RRB- in relation to its invitation to
holders of two tranches of its existing lower Tier II U.S. $ 500,000,000
Subordinated Step - up Floating Rate
Notes due 2016 (the «Existing
Notes «-RRB-