See hybrid securities and
subordinated notes for more information.
NEW YORK --(BUSINESS WIRE)-- Fitch Ratings has affirmed the ratings on the senior, subordinate and junior
subordinate notes for National Collegiate Trust (NCT) 2007 - A student loan asset - backed notes issued by First Marblehead Corporation (FMD).
Not exact matches
[Subordination: The
Note shall be
subordinated to all indebtedness of the Company to banks, commercial finance lenders, insurance companies, [leasing or equipment financing institutions] or other lending institutions regularly engaged in the business of lending money -LSB-(excluding venture capital, investment banking or similar institutions which sometimes engage in lending activities but which are primarily engaged in investments in equity securities)-RSB-, which is
for money borrowed, [or purchase or leasing of equipment in the case of lease or other equipment financing,] whether or not secured.]
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.
In addition, as consideration
for the sale of the project, TIFIA received a cash distribution of $ 15.4 million and holds a
subordinated note from SANDAG in the amount of $ 1.4 million.
While demand and supply
for the
subordinated notes can also affect its market price, Katie could potentially lose 11 % due to the 1 % change in yield, which is caused by a re-evaluation of Company A's creditworthiness.
The calculated multiples
for the
notes are sufficient to maintain the current ratings on the senior,
subordinate and junior
subordinate notes.
The major change to the balance sheet since we opened the position was CRGN's February repurchase of $ 4.8 M of its 4 % convertible
subordinated debentures due February 2011,
for an aggregate purchase price of $ 3.8 M, which reflected an aggregate discount from the face value of such 2011
notes of approximately 21 %.
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.
UNIFIN Financiera, S.A.B. de C.V., SOFOM, E.N.R. (BMV: UNIFIN)(«UNIFIN» or the «Company»), announced that the Company carried out a private offering of
Subordinated Perpetual
Notes in the United States of America and other international markets in compliance with Rule 144A and Regulation S of the US Securities Act of 1933 (the «
Subordinated Notes») and the applicable regulations of the jurisdictions where such offer was made (the «Offering»)
for an aggregate principal amount of US$ 250,000,000.00 with an annual interest rate
for the first seven years from the issue date of 8.875 %.
The firm is frequently called upon by major players in the region to advise on a variety of corporate finance mandates, with recent work highlights including assisting a group of financial institutions, acting as the deal managers, with General Shopping's offer to exchange
subordinated unsecured
notes for senior secured
notes and equity.
Edward Sunderland acted
for HSBC Bank on the amendment of Capital Bridging Finance No. 1 Limited securitisation documents to replace the mezzanine
note with variable rate
subordinated secured
notes.
com Unifin's
Subordinated Perpetual
Notes Issuance UNIFIN Financiera, S.A.B. de C.V., SOFOM, E.N.R. (BMV: UNIFIN)(«UNIFIN» or the «Company»), announced that the Company carried out a private offering of
Subordinated Perpetual
Notes in the United States of America and other international markets in compliance with Rule 144A and Regulation S of the US Securities Act of 1933 (the «
Subordinated Notes») and the applicable regulations of the jurisdictions where such offer was made (the «Offering»)
for an aggregate principal amount of US$ 250,000,000.00 with an annual interest rate
for the first seven years from the issue date of 8.875 %.
You can also use a quote from a former boss or
subordinate, shortening it
for clarity and
noting the job title of the source (such as «Peter's skill in Lean Six Sigma has allowed our operation to become 34 % more efficient.»