Neither the debt holders nor the individuals sitting on their hands are going to profit from this.
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NextWave debt holders have agreed to the terms of the deal, as have a majority of shareholders.
This may require the impairment of non-secured debt holders, something we have so far been reluctant to do.
The cost will be borne by the debt holders, the uninsured depositors, and the common and preferred stockholders.
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Last week roughly 15 Lehman debt holders including BofA, Goldman and Barclays filed court documents firing back at Paulson.
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Deferred cash compensation makes employees debt holders, so it ought to reduce risk-taking.
Because the incentives of subordinated-debt holders are closely aligned with those of the deposit-insurance fund (and hence of taxpayers).
It is not some ethereal thing that you can measure in terms of debt holders and that sort of thing.
This indicates increased risk to sovereign bondholders, senior bank debt holders, and depositors across the Eurozone, particularly in fiscally constrained sovereigns.
Default and bankruptcy are a well-defined process in which debt holders always do better than stockholders as a matter of law.
The number of small savers involved makes it different to bailed-out Ireland, where subordinated debt holders took losses of up to 80%.
One of the very big debt holders to these two companies right now is the United States government and the United States taxpayer.
Now, after another gigantic round of capital infusion into the bank, the Irish government told sub debt holders they will have to share the burden.
Tribune's leading debt holders have been reviewing potential candidates for positions at the company, including for the chief executive role, for when it exits bankruptcy.
"Once you have public debt holders, you have to have more heightened sensitivity to those issues, " says an executive who was involved in the Sweetheart transaction.
European and Irish regulators offered Anglo Irish Bank sub debt holders just 20 cents on the Euro in the form of an exchange for Irish Republic bonds.
And while debt holders may be singing, shareholders are stinging.
The nationalisation, carried out under the Netherlands' 2012 law on bank intervention, will mean shareholders of the bank and subordinated debt holders will see their stakes wiped out.
But the senior debt holders may decide that they will fare better if Chrysler files for bankruptcy and they can make a grab for whatever sellable assets are left.
If its enterprise value falls below its liabilities, equity holders will avoid further losses by a "put" to debt holders, meaning they bail out and let creditors fight over the remains.
Worse still, if a large U.S. money center bank becomes too big to fail, can the regulators stab bondholders with the same type of cram down tactics experienced by Anglo Irish subordinated debt holders?
"They could always make an offer to their debt holders to swap out or renegotiate some debt, but they still need to address the pension problem, " said airline analyst William Lauer of Allegheny Capital Management.
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Because of this discrimination against dividends, a profitable, cash-flow-producing public company like mine will return 65 cents of every dollar after taxes as interest to debt holders but only 55 cents as dividends to shareholders.
Critics of the government's plan to reorganize Chrysler say it rewards junior debt holders at the expense of senior secured creditors, some of which have agreed to take 30 cents on the dollar for their investment.
Shareholders, debt holders and regulators need to be able to size up the amount of capital the bank is targeting, how this compares to the minimum and how much capital is currently available on the balance sheet.
The money it saved by stiffing private creditors (it paid dollar-denominated debt holders only 15 cents on the dollar) and the money that gushed in as commodities rose in price enabled Buenos Aires to pay off its IMF obligations.
If you hold any of the GM debt issues, you may have an optimal time to sell these after the stock value has been established since the debt holders will be getting stock once the bankruptcy has been confirmed.
No word on whether the lawsuit was the final straw for debt holders who were concerned that Icahn could not be trusted with MGM, which owns the rights to the James Bond franchise and the upcoming film version of The Hobbit.
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