BOSTON -- American Tower Corporation (NYSE: AMT) announced today the call for redemption of all outstanding 12.25% senior subordinated discount notes of the Company's wholly owned subsidiary American Towers, Inc. The redemption date has been set for February 1, 2006. In accordance with the indenture for the 12.25% notes, the...
NEW YORK--BUSINESS WIRE--Standard & Poor's CreditWire 10/16/97 -- Standard & Poor's today assigned its triple-'C' rating to NEXTEL Communications, Inc.'s $700 million ($1.1 billion accreted value) 9.75% senior serial redeemable discount notes due 2007, privately placed under Rule 144A with registration rights.
NEW YORK -- Fitch Ratings has placed Liberty Media Corp.'s Liberty 'BBB-' senior unsecured debt on Rating Watch Negative. Approximately $11.5 billion of accreted debt is affected by this action.
NAPERVILLE, Ill. -- Nalco Finance Holdings LLC and Nalco Finance Holdings Inc. today completed their previously announced $176.9 million redemption of a portion of 9.0 percent senior discount notes due 2014. This payment redeems just over one third of the present accreted value of the notes and was made from...
NEW YORK--BUSINESS WIRE--Feb. 21, 1996--Transtar Holdings L.P. announced today that the Offer to Repurchase a portion of its 13-3/8% Senior Discount Notes due 2003 at an offer price equal to 101% of the accreted value of such Notes has expired.None of the Notes were tendered by any Holder prior to...
Business Editors LOS ANGELES, CA--BUSINESS WIRE--June 6, 2001 Key3Media Group, Inc. (NYSE: KME), the world's leading producer of information technology tradeshows and conferences, today announced that it intends, subject to market conditions, to refinance its existing borrowings of $300 million of bank debt and $84 million accreted value...
NEW YORK--BUSINESS WIRE--Feb. 27, 1997--Transtar Holdings L.P. announced today that the Offer to Repurchase a portion of 13-3/8 percent Senior Discount Notes due 2003 at an offer price equal to 101 percent of the accreted value of such Notes has expired. None of the Notes were tendered...
REDWOOD CITY, Calif. -- Ampex Corporation (OTCBB:AEXCA) today announced that it has redeemed all of its outstanding 20% Senior Discount Notes due January 2006 with an accreted value of $10.2 million. The Company has also given notice to the trustee of its 12% Senior Notes due August 2008 of its...
MINNEAPOLIS -- General Mills, Inc. (NYSE:GIS) today announced that it is redeeming all of its outstanding Zero Coupon Convertible Senior Debentures due 2022 (CUSIP Nos. 370334 AT1 and 370334 AU8) (the "Debentures") on April 25, 2007 for a redemption price equal to the accreted value of the Debentures, which will...
MIAMI, May 31 /PRNewswire/ -- Royal Caribbean Cruises Ltd. (NYSE: RCL; Oslo) today announced its intention to engage in a number of transactions. - The Company expects to call for redemption all of its outstanding Liquid Yield OptionTM Notes due 2021 ("LYONS")....
DALLAS -- ACIH, Inc. ("ACIH"), a Delaware corporation that will become the parent company of Atrium Companies, Inc. ("ACI"), announced that on December 21, 2004 it priced an offering of $174.0 million aggregate principal amount at maturity ($124.9 million approximate gross proceeds) of 11 1/2% Senior Discount Notes due 2012....
NEW YORK -- Fitch Ratings has downgraded Liberty Media Corp.'s Liberty senior unsecured debt to 'BB+' from 'BBB-' and has removed the company from Rating Watch Negative. The Rating Outlook is Negative. Approximately $10.9 billion of accreted debt is affected by this action. The rating downgrade reflects Fitch's continued...
PHOENIX--BUSINESS WIRE--June 12, 1996--Talley Industries Inc. (NYSE:TAL) announced today that it has repurchased $17.3 million aggregate principal amount of its 12.25% senior discount debentures.The purchase price of the debentures was $14.4 million, or $829.83 per $1,000 principal amount of the debentures. The purchase price consisted of an accreted value...
NEW YORK -- Fitch Ratings has assigned a 'BBB-' rating to Anixter, Inc.'s Anixter proposed $200 million senior unsecured notes due 2015. Net proceeds from the offering are expected to be used to redeem (in June 2005) the company's approximately $70 million accreted value of 7% zero coupon convertible senior...
PORTLAND, Ore.--BUSINESS WIRE--March 1,1995--Industrial Funding Corp. (NASDAQ:IFDCA) today announced results for the fiscal year ended Nov. 30, 1994.For the year, the company reported a net loss of $7.0 million, or $1.18 per common share, compared to net income of $1.3 million, or a loss of 8 cents per common share...
DAYTON, N.J.--BUSINESS WIRE--May 28, 1998--Teleport Communications Group Inc. (Nasdaq/NM:TCGI) announced today its election to commence the accrual and payment of cash interest on TCG's 11-1/8% Senior Discount Notes due July 1, 2007 (CUSIP No. 879463-AC-1). The accrual of interest payments will begin on July 1, 1998 and cash interest will...
THOUSAND OAKS, Calif. -- Amgen Inc. (Nasdaq:AMGN), the world's largest biotechnology company, today announced a one-time cash payment of $9.23 for every $1,000 aggregate principal amount at maturity of Amgen's Liquid Yield OptionTM Notes due 2032 (Zero Coupon--Senior) (the "LYONs"). This payment is approximately equal to 1.25 percent of each...
BOSTON -- American Tower Corporation (NYSE: AMT) announced today that it has completed its previously announced redemption of all outstanding 12.25% senior subordinated discount notes due 2008 of the Company's wholly owned subsidiary American Towers, Inc. On the redemption date, February 1, 2006, the Company redeemed an aggregate of $227,670,000...
ROCHESTER, N.Y. -- Bausch & Lomb (NYSE:BOL) today announced that pursuant to the terms of its indentures, the Company's $4.1 million 2003 Convertible Senior Notes due 2023 and its $155.9 million 2004 Senior Convertible Securities due 2023 will be convertible at the option of the holder beginning July 1, 2005....
Statements of Position on accounting issues present the conclusions of at least two-thirds of the Accounting Standards. This Statement of Position SOP addresses accounting for differences between contractual cash flows and cash flows expected to be collected from an investor’s initial investment in loans or debt securities loans acquired in...
