BNET Business Dictionary

Business Definition for: Pari Passu

  • ranking equally

Wiktionary Definition for: Pari Passu

  • at an equal rate
  • Ex: ''While the gas price has been dropping, the currency has been inflating '''pari passu'''.''

Additional Resources

Sanix Notice Regarding Completion of Converting First Series of Unsecured Convertible Bonds with Stock Acquisition Rights
Tokyo, Japan, Aug 25, 2006 - JCN Newswire - Sanix Incorporated (Ticker: 4651, TSE/OSE/FSE, President & CEO: Shin-ichi Munemasa) announced that Unsecured Convertible Bonds with Stock Acquisition Rights (Limited Inter-Bond Pari Passu Clause) issued (total issue value of 3 billion yen) on January 30, 2006 were fully converted as...
Tags: Sanix Inc.
Research articles 2006-08-26
FINSBURY FOOD GROUP PLC - Additional Listing.
Finsbury Food Group plc Additional Listing Application has been made to the London Stock Exchange for 2,045,710 New Ordinary Shares, which will rank pari passu with existing shares in issue, to be admitted to trading on AIM, and admission is expected to...
Tags: Finsbury Food Group Plc.
Research articles 2007-05-16
Sanix Announces Revised Conversion Price of First Series of Unsecured Convertible Bonds with Stock Acquisition Rights
Tokyo, Japan, May 2, 2006 - JCN Newswire - Sanix Incorporated (TSE: 4651) has announced the revision of the conversion price of First Series of Unsecured Convertible Bonds with Stock Acquisition Rights (Limited Inter-Bond Pari Passu Clause) as follows. 1. Revision of Conversion Price First Series of...
Tags: Sanix Inc.
Research articles 2006-05-02
Sanix Issues Notice Regarding Conversion of First Series of Unsecured Convertible Bonds with Stock Acquisition Rights
Tokyo, Japan, June 30, 2006 - JCN Newswire - Sanix Incorporated (TSE: 4651) has announces the following update on stock conversion, as of June 29, 2006, of First Series of Unsecured Convertible Bonds with Stock Acquisition Rights (Limited Inter-Bond Pari Passu Clause) that the Company issued (total issue value...
Tags: Sanix Inc.
Research articles 2006-06-30
Sanix Notice Regarding Revision of Conversion Price of First Series of Unsecured Convertible Bonds with Stock Acquisition Rights
Tokyo, Japan, Aug 4, 2006 - JCN Newswire - Sanix Incorporated (Ticker: 4651, TSE/OSE/FSE, President & CEO: Shin-ichi Munemasa) has notified the revision of the conversion price of First Series of Unsecured Convertible Bonds with Stock Acquisition Rights (Limited Inter-Bond Pari Passu Clause) as follows. 1. Revision of...
Tags: Sanix Inc.
Research articles 2006-08-04
Clear Channel Outdoor Boosts Debt Offering
Michael Terry submits: Clear Channel Outdoor Holdings Inc. CCO (B2 rated) boosted the size of its debt offering to $2.5 billion of senior notes due in 2017, according to a person familiar with the transaction. The company previously planned to sell $750 million of bonds, according to a filing...
Tags: Media, Michael Terry, Clear Channel Outdoor Holdings Inc.
External links 2009-12-18
Sanix Announces Revision of Conversion Price of First Series of Unsecured Convertible Bonds with Stock Acquisition Rights
Tokyo, Japan, Feb 3, 2006 - JCN Newswire - Sanix Incorporated (Ticker: 4651, TSE/OSE/FSE, President & CEO: Shin-ichi Munemasa) has notified the revision of the conversion price of First Series of Unsecured Convertible Bonds with Stock Acquisition Rights (Limited Inter-Bond Pari Passu Clause) as follows. 1. Revision of...
Tags: Sanix Inc.
Research articles 2006-02-03
Sanix Announces Revision of Conversion Price of First Series of Unsecured Convertible Bonds with Stock Acquisition Rights
Tokyo, Japan, Apr 7, 2006 - JCN Newswire - Sanix Incorporated (TSE: 4651) has announced the revision of the conversion price of First Series of Unsecured Convertible Bonds with Stock Acquisition Rights (Limited Inter-Bond Pari Passu Clause) as follows. 1. Revision of Conversion Price First Series of...
Tags: Sanix Inc.
Research articles 2006-04-07
Sanix Announces Revised Conversion Price of First Series of Unsecured Convertible Bonds with Stock Acquisition Rights
Tokyo, Japan, June 2, 2006 - JCN Newswire - Sanix Incorporated (TSE: 4651) has announced a revision of the conversion price of First Series of Unsecured Convertible Bonds with Stock Acquisition Rights (Limited Inter-Bond Pari Passu Clause) as follows. 1. Revision of Conversion Price First Series of...
Tags: Sanix Inc.
Research articles 2006-06-02
Sanix Announces Revised Conversion Price of First Series of Unsecured Convertible Bonds with Stock Acquisition Rights
Tokyo, Japan, July 7, 2006 - JCN Newswire - Sanix Incorporated (TSE: 4651) has announced the following revision of the conversion price of First Series of Unsecured Convertible Bonds with Stock Acquisition Rights (Limited Inter-Bond Pari Passu Clause) as follows: 1. Revision of Conversion Price First Series...
Tags: Sanix Inc.
Research articles 2006-07-07
Fitch Rates D.R. Horton's $200MM Debt Issue 'BBB-'
NEW YORK -- Fitch Ratings has assigned a 'BBB-' rating to D.R. Horton, Inc.'s (NYSE:DHI) $200 million 6.125% senior notes due Jan. 15, 2014. The Rating Outlook is Stable. The issue will be ranked on a pari passu basis with all other senior unsecured debt, including DHI's $1.21 billion unsecured...
Tags: D.R. Horton Inc., Better Business Bureau
Research articles 2004-07-08
Fitch Expects to Rate PPG Industries' EUR300MM Debt Issue 'A'
NEW YORK -- Fitch Ratings expects to assign an 'A' rating to PPG Industries, Inc.'s PPG proposed EUR300 million senior unsecured notes due June 23, 2015. The Rating Outlook is Stable. The issue will be ranked on a pari passu basis with all other senior unsecured debt, including the company's...
Tags: Fitch, PPG Industries
Research articles 2005-06-08
Fitch Assigns 'BBB+' to Lennar Corp.'s $300MM Debt Issue
NEW YORK -- Fitch Ratings has assigned a 'BBB+' rating to Lennar Corp.'s (NYSE-LEN) $300 million 5.125% senior notes due Oct. 1, 2010. The Rating Outlook is Stable. The issue will be ranked on a pari passu basis with all other senior unsecured debt. Proceeds from the new debt issue...
Tags: Fitch, Lennar Corp.
Research articles 2005-09-09
Fitch Assigns 'BB-' Rating to Delphi Corp.'s $2B DIP Credit Facilities
CHICAGO -- Fitch Ratings has assigned a rating of 'BB-' to Delphi Corporation's Delphi $2 billion of debtor-in-possession DIP credit facilities. The DIP facilities will consist of a revolving credit portion and a term loan portion and are to be pari passu with each other in terms of priority of...
Tags: Borland Delphi, Delphi Corp., DIP, Fitch
Research articles 2005-11-07
Fitch Rates Thermo Electron's Senior Notes 'BBB+'
CHICAGO -- Fitch Ratings has assigned a 'BBB+' rating to Thermo Electron Corp.'s Thermo public issuance of $250 million of 5.0% senior unsecured notes due 2015. The senior notes are ranked pari passu with existing senior unsecured debt. The Rating Outlook is Stable.
Tags: Thermo Electron Corp.
Research articles 2005-05-25
Fitch Assigns Hovnanian Ent. $250MM Sr Unsec. Debt 'BB+'
NEW YORK -- Fitch Ratings has assigned a 'BB+' rating to Hovnanian Enterprises, Inc.'s $250 million senior unsecured notes due 2017. Fitch affirms Hovnanian's Issuer Default Rating IDR of 'BB+', senior unsecured debt and unsecured bank credit facility ratings. Fitch affirms the 'BB-' senior subordinated notes rating. The series A...
Tags: Fitch, Hovnanian Enterprises Inc.
Research articles 2006-06-05
Fitch Assigns 'BBB-' to D.R. Horton's $300MM Debt Issue
NEW YORK -- Fitch Ratings has assigned a 'BBB-' rating to D.R. Horton, Inc.'s (NYSE: DHI) $300 million 5.375% senior notes due June 15, 2012. The Rating Outlook is Stable. The issue will be ranked on a pari passu basis with all other senior unsecured debt, including D.R. Horton's $1.21...
Tags: Fitch
Research articles 2005-06-30
Fitch Assigns M.D.C. Holdings $250MM Debt Issue 'BBB'
NEW YORK -- Fitch Ratings has assigned a 'BBB' rating to M.D.C. Holdings, Inc.'s (NYSE:MDC) $250 million 5.375% senior notes due Dec. 15, 2014. The Rating Outlook is Stable. The issue will be ranked on a pari passu basis with all other unsecured debt, including MDC's $700 million unsecured bank...
Tags: Fitch
Research articles 2004-12-07
Fitch Assigns 'BBB-' to D.R. Horton's $250MM Debt Issue
NEW YORK -- Fitch Ratings has assigned a 'BBB-' rating to D.R. Horton, Inc.'s (NYSE:DHI) $250 million 4.875% senior notes due Jan. 15, 2010. The Rating Outlook is Stable. The issue will be ranked on a pari passu basis with all other senior unsecured debt, including D.R. Horton's $1.21 billion...
Tags: Fitch
Research articles 2004-10-08
NTL Finalizes Financing Package for Merger with Telewest Global and Acquisition of Virgin Mobile; Announces GBP 300 Million Senior Notes Offering and Seeks Additional GBP 300 Million in Senior Debt under Existing Facility
LONDON -- NTL Incorporated (NASDAQ: NTLI) today announced that it intends to file a registration statement shortly with the U.S. Securities and Exchange Commission SEC for the sale of GBP 300 million of U.S. dollar and pound sterling denominated ten year notes to be issued by its subsidiary, NTL Cable...
Tags: acquisition, financing, merger, NTL Inc., Virgin Mobile
Research articles 2006-07-10