The 2017 series C bonds are being issued on parity with approximately $200 million in outstanding bonds under the master trust
indenture as of Oct.
In accordance with the terms of the
indentures, the proposed amendments to each
indenture are binding on all holders of the applicable series of notes, including non-consenting holders, the company said.
PAETEC confirmed that it has executed a supplemental
indenture with respect to each of the
indentures effecting the proposed amendment.
"Because the courts have not directly addressed whether the Trust
Indenture Act precludes a direct release of a guarantee without unanimous noteholder consent, corporate attorneys employ a work-around for the benefit of minority bondholders," said Judah Gross, Director.
Nationstar Mortgage Holdings Inc (NYSE:NSM) reported on Thursday that under the consents from holders of record as of 17:00 New York City time on 13 June 2018 of the outstanding 6.500% senior notes due 2021 and 6.500% senior notes due 2022 (together, the notes), of its wholly-owned subsidiaries Nationstar Mortgage LLC and Nationstar Capital Corporation (together, the issuers), the issuers have received the requisite consents from at least a majority of the outstanding total of each series of notes, to approve the amendments to the
indenture relating to the same.
Many
indentures contain covenants that rely on financial accounting numbers, such as a maximum debt-to-EBITDA ratio.
Millicom International Cellular SA (Millicom)(STO:MIC-SDB), a provider of cable and mobile services dedicated to emerging markets in Latin America and Africa, announced on Monday that it will solicit consents from the holders of its USD500,000,000 6.000% senior notes due 2025 and its USD500,000,000 5.125% senior notes due 2028 (together the notes) to amend certain provisions of the
indentures governing the notes.
Two hundred years ago, they called them "
indentures." In 1831, my great-great-grandfather David Hughson was indentured in New York to a farmer named Hiram Church.
I too served my time at Alfred Herbert, 1964-1969 and like John Harrison, with the passing of time also managed to lose the copy of my
indentures.
purpose of the
indentures was to establish Henry's posthumous
In the area of Merseyside where I live, clay tobacco pipemaking was one of the main industries in the 18th and 19th centuries and there are many
indentures relating to pipe-makers' apprentices.
In conjunction with each tender offer, Telcordia is soliciting consents to certain proposed amendments to each of the
indentures governing the Notes to, among other things, eliminate substantially all of the covenants, certain repurchase rights and certain events of default and related provisions contained in each
indenture and to amend the defeasance provisions contained in each
indenture.
