但即使那样也仅是临时性的，12月3日，公司宣布将通过债转股把债务转换成全部普通股的75%和一部分优先股。
Even that proved a stopgap; on December 3rd it was announced that the Banks would swap the debt for 75% of the ordinary equity and a slug of preference shares.
但是，对优先债务持有者而言，他们也许会支持克莱斯勒申请破产，这样他们会好过一些，因为这样就能够攫取公司任何剩下的可售资产。
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.
—一旦公司破产，次级债务对公司的资产有较低的优先受偿权。
Subordinated debentures have a lower priority claim to the firm's assets in the event of bankruptcy.
我们知道公司的市值不会因为它们债务结构组成的改变而改变(这种结构组成改变致使一些求偿权优先于其它求偿权)。
We know that companies cannot change their total market value by changing the composition of liabilities (making some claims senior to others).
惠誉国际评级(Fitch Ratings)将英国石油公司长期违约评级和优先无担保债务从AA +下调至AA，原因是出于对英国石油公司的花费和法律责任的担忧。
Citing concerns about BP's costs and legal liabilities, Fitch Ratings downgraded BP's long-term default rating and senior unsecured debt to AA from AA-plus.
但是，如果允许策略性债务违约或对绝对优先权原则偏离，股东权益价值最大化的破产决策将达到与公司价值最大化一致的结果；
But if the strategic default or deviation from absolute priority rule is allowed, the decision that maximizes value of equity will be consistent with one that maximizes corporate value.
本文主要分析了企业债务期限结构、债务分布结构和债务优先结构，以及各种债务结构之间的协调配置对公司治理的影响。
This article analyses the influence of debt maturity, distribution structure, seniority structure, and the harmonious collocation of different debt structure on corporate governance.
它由一家母公司同时运营几个基金，每个基金对应一种不同的债务，从优先担保债务到夹层债务[ii]，由投资者偏好决定。
It is structured with a parent company running various funds, each of which targets a different kind of debt, from senior secured to mezzanine, tied to the risk preferences of investors.
对于负债公司，债务索取与薪酬索取的不同优先权对合理设计经理激励契约有重要的意义。
When a corporation is in the case of insolvency, the relative seniority of debt and managerial compensation has important implications for the design of remuneration contracts.
对于负债公司，债务索取与薪酬索取的不同优先权对合理设计经理激励契约有重要的意义。
When a corporation is in the case of insolvency, the relative seniority of debt and managerial compensation has important implications for the design of remuneration contracts.
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