Sentences with phrase «subordinated notes»
"Subordinated notes" refer to a type of debt or loan that are considered to have a lower priority of repayment compared to other types of debt or loans. In case the company or organization is facing financial difficulties or has to be liquidated, subordinated noteholders will be repaid after all other creditors and lenders have been paid. Full definition
The deal has the support of certain 8 per cent senior subordinated note holders, but must still be approved by other creditors, as well as the Ontario court overseeing the bankruptcy process, and the CRTC, Canada's broadcast regulator.
thestar.com
These are the features and risks of subordinated notes issued by unlisted companies and how they are different to those issued by listed companies.
Ramco - Gershenson Properties Trust issued $ 28 million of junior subordinated notes with a maturity date of January 2038.
An investment newsletter compares the interest rate payable on subordinated notes issued by Company A to corporate bonds issued by Companies B and C. Is this a fair comparison?
The Ontario Superior Court of Justice — Commercial List in Toronto approved on May 17, 2010 Canwest LP Entities» motion to enter into an asset purchase agreement (the «Purchase Agreement») to acquire substantially all of the assets of the LP Entities by members of an ad hoc committee (the «AHC») of holders of 9.25 % senior subordinated note holders.
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.
At that time, the Class A preferred stock of NCB previously held by the United States was converted into Class A subordinated notes as of December 31, 1981.
Several years ago, Chris and Jane each received an inheritance of $ 10,000, which they invested in subordinated notes.
Katie lends money to Company A by buying subordinated notes with a $ 100 face value (purchase price), 40 years until maturity and paying 8 % per annum yield ($ 8).
The bank's 7.125 percent subordinated notes due November 2023 slid as much as 6.7 cents on the euro today to 82.9 cents, to yield a record 9.79 percent, according to data compiled by Bloomberg.
The TIFIA program also has a separate subordinate note, which compensates TIFIA in part for its equity portion and has a rate of 14 percent.
«When» and «what» being 2016 and Crown Resorts (ASX: CWN) Subordinated Notes II respectively.
Axcelis will use a portion of the proceeds from the sale of its SEN interests to meet its obligations under its 4.25 % Convertible Senior Secured Subordinated Notes, which were due in January.
If there are limits on the company's ability to pay interest or repay principal to subordinated note investors while it has senior debt
Interest payments on bank subordinated notes are payable at regular intervals, while distributions on capital notes are at the discretion of the bank.
Hybrid securities (including subordinated notes, capital notes and convertible preference shares) may be from well - known companies, banks and insurers but they are very different from other fixed interest investments.
The perceived risk of Katie's subordinated notes increases, because something happens that makes the market think Company A is more likely to default.
In order to attract investors to its riskier subordinated notes, Company A pays an extra 4 %, or 8 % in total.
Subordinated notes issued by banks and insurers have very different features and risks to those issued by other companies.
The sale will provide the liquidity necessary to meet the $ 85M due to the holders of the company's 4.25 % Convertible Senior Subordinated Notes, upon which ACLS defaulted in January.
QUANTUMONLINE.COM SECURITY DESCRIPTION: SCANA Corp., 2009 Series A, 7.70 % Enhanced Junior Subordinated Notes, issued in $ 25 denominations, redeemable at the issuer's option on or after 1/30/2015 at $ 25 per share plus accrued and unpaid interest, and maturing 1/30/2065 which may be extended to 1/30/2080.
See hybrid securities and subordinated notes for more information.
Novell Receives Delisting Notice from NASDAQ and Notice of Default from Wells Fargo Related to Its Convertible Subordinated Notes
The payment consisted of the outstanding principal on $ 75 million of 4.25 % Convertible Senior Subordinated Notes plus a maturity premium of 11.125 % and accrued interest for a total of approximately $ 85 million.
Axcelis Technologies Inc (NASDAQ: ACLS) has failed to make a payment required under the company's 4.25 % Convertible Senior Subordinated Notes.
As expected, Axcelis has used US$ 86.4 million of the proceeds to repay Convertible Senior Subordinated Notes that were due in January but the company had failed to secure alternative finance last year to pay the notes.
-LSB-...] to the holders of the company's 4.25 % Convertible Senior Subordinated Notes, upon which ACLS defaulted in January.
Axcelis Technologies, Inc. (Nasdaq: ACLS) today announced that it is continuing to engage in negotiations on financing and strategic alternatives that will serve the best interests of the company following a missed payment on Convertible Senior Subordinated Notes that was due on January 15, 2009.
Companies that issue subordinated notes often have substantial senior debt which ranks ahead of subordinated notes.
The amount of senior debt the company has and how much money it is looking to raise by issuing subordinated notes
Payable at regular intervals on the subordinated notes, but discretionary on the capital notes
The terms of the subordinated notes will be different from those of the corporate bonds.
No, because the terms of the subordinated notes will be different to those of the corporate bonds
Can you compare term deposits, subordinated notes and capital notes, issued by a bank, just by looking at the interest rates?
Whether the company generates enough cash to make payments on both senior debt and subordinated notes, now and in the future
The prospectus for bank hybrids (capital notes, convertible preference shares and subordinated notes) usually includes a table comparing that hybrid to other investments offered by the same bank, including term deposits, to help you compare these investments.
They may contain trigger events which can have a significant impact on how the subordinated notes behave and subordinated note holders generally rank behind bondholders if the company becomes insolvent.
If a subordinated note offers cumulative interest payments «paid quarterly in arrears, subject to deferral», this means:
A bank has both capital notes and subordinated notes on issue.
If a subordinated note is described as having «a first call date of 5 years, an interest step - up date of 25 years and a maturity of 60 years», when is the company required to return capital to investors?
Take this quiz to see how much you know about bank hybrids (capital notes, convertible preference shares and subordinated notes) and corporate hybrids (subordinated notes).
Hybrids issued by Company A are described as «subordinated notes» having «second ranking security».
Subordinated notes issued by listed companies can include the following features.
Corporate hybrids, also known as subordinated notes, are high risk, complex investments where an investor lends money to a company in return for regular interest payments.