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.
Fazal Merchant, manager of North American and European Funding at the US headquarters of Ford Motor Credit, thinks that buyers of his company's bonds should be treated in much the same way as individuals who buy the company's cars. He says: "One of our...
BURLINGTON, ON, Sep 26, 2000 During a conference call held this afternoon with holders of Laidlaw Inc. (NYSE:LDW; TSE:LDM) bonds, Mr. Stephen Cooper, vice chairman of Laidlaw's board of directors and chief restructuring officer discussed the benefits of achieving bondholder consent to permit ...
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 PCTV has withdrawn a bond restructuring because its largest bondholder stated that it would not accept the terms of the offering.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).
By Anthony Hilton, Evening Standard, London Knight Ridder/Tribune Business News Dec. 7--If Transport Secretary Stephen Byers ever found himself in court accused of having kept Railtrack investors in the dark for months while plotting the company's demise, he would have one obvious line ...
