an individual or institution owning bonds issued by a government or company. Bondholders are entitled to payments of the interest as due and the return of the principal when the bond matures.
Wireless-communications operator People's Choice TV Corp. PCTV has withdrawn a bond restructuring because its largest bondholder stated that it would not accept the terms of the offering. Instead, PCTV -- which decided to abandon the wireles Wireless-communications operator People's...
Cherokee Inc plans to convert $76 million in senior subordinated notes into common stock as part of an agreement to pay off bondholder. The arrangement will give noteholders a 90% share of the company. Cherokee will also exchange outstanding trade debt foCherokee Inc plans to convert $76 million in senior...
Byline: SARAH A. KLEIN A bondholder and adviser of the financially struggling Mercy Hospital and Medical Center is pushing for a sale of the hospital, after one would-be buyer stepped away from the bargaining table. New York-based investment ban Byline: SARAH...
Faced with the potential bondholder rejection of a proposed $4.02 billion merger with Liberty Media Corp., UnitedGiobalCom Inc. has opted for plan B. Liberty and UGC agreed last year to a merger that would give Liberty an 82-percent voting st ...
REDWOOD CITY, CALIF. -- The federal bankruptcy court judge presiding over Excite@Home's Chapter 11 proceedings said he is doubtful that the $307 million bid from AT&T Corp. for the company's assets will fly, given strong bondholder opposition. REDWOOD CITY, CALIF. -- The federal...
NEW YORK--BUSINESS WIRE--May 2, 1995--The rating on the bonds is being upgraded to Aa1 from Aa, based upon the following factors that combine to provide very high-quality bondholder security:
SANTA CLARA, Calif. -- Riverstone Networks, Inc. (Pink Sheets:RSTN) said today that the U.S. District Court for the Northern District of California entered an order that denied U.S. Bank's motion for summary judgment to require immediate repayment of $131,750,000 in outstanding bonds.
NEW YORK -- Fitch Ratings has published a comprehensive analysis of Time Warner (NYSE:TWX). The report provides investors with the key credit drivers for the ratings from both an operational and financial perspective, and there is a particular focus on the company's debt structure, key indenture features, guarantee structure and...
RUTHERFORD, N.J.--BUSINESS WIRE--July 3, 1995--Nextel Communications Inc. (NASDAQ: CALL) announced today that it has received the required consents from its bondholders to complete its pending transactions with Motorola Inc. (NYSE: MOT), Craig O. McCaw, OneComm Corporation (NASDAQ: ONEC), American Mobile Systems Incorporated (NASDAQ: AMSE), and Dial Page Inc. (NASDAQ: DPGE).
Curative Health Services, Inc. today announced that it is proceeding with a prepackaged plan of reorganization that is overwhelmingly supported by the holders ("bondholders") of its 10.75% senior notes due 2011 (the "Notes") and will eliminate the Company's $185 million debt obligation under the Notes and strengthen its balance sheet.
LITTLE ROCK, Ark. -- Alltel Corporation (NYSE:AT) today announced that, according to information provided by Global Bondholder Services Corporation, the depositary and information agent for its previously announced tender offers for up to $1.0 billion aggregate principal amount of certain of its outstanding debt securities, the following amount of notes...
NEW YORK -- Due to heightened investor interest in technology leveraged buyouts LBOs and the decline in Motorola Inc.'s Motorola market capitalization over the past few months to below $50 billion, Fitch Ratings has examined LBO risk for Motorola by assessing the level of bondholder protection provided by bond indentures,...
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