Not exact matches
There is an anticipated
corporate rating of mid to high BB, an
unsecured bond rating of low to high BB and a secured
debt rating of low BBB.
The diagram below illustrates some broad distinctions between
debt investments available to investors, including unlisted debentures and
unsecured notes, and listed
corporate bonds.
Preferred stock typically gets 10 cents on the dollar in insolvency vs. 40 cents or so on senior
unsecured corporates and 80 cents on bank
debt.
A partner in the
Corporate Department and former co-head of the Finance Practice Group, Terry Schimek has extensive experience in secured and
unsecured credit agreements,
debt offerings and specialized financing transactions for clients in a wide range of industries.
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.
«Equity, mortgage
debt, high - yield mortgage
debt, high - yield
unsecured debt,
corporate bonds, lines of credit or bank loans.»