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| | Convertible debt - definition of Convertible debt in Encyclopedia |
 | | A simple method for calculating the value of a convertible involves calculating the present value of future interest and principal payments at the cost of debt and adds the present value of the warrant. | | | However, in exchange for the benefit of the reduced interest payment, the value of shareholder's equity is reduced due to the expected dilution should the convertible bondholders convert their bonds into new shares. | | | From a valuation perspective, a convertible bond consists of two assets: a bond and a warrant. |
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http://encyclopedia.laborlawtalk.com/Convertible_debt
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| | me-" Agency Problems, Information Asymmetries and Convertible Debt Security Design " by Craig M. Lewis, R. ... |
| | Convertible debt maturity is positively related to the issuing firm's growth opportunities, size, and existing debt maturity structure, and negatively related to its financial leverage. | | | Call provisions are included in the majority of convertible debt issues regardless of the issuer's creditworthiness. | | | We examine three attributes of the convertible debt financing decision: post-conversion equity ownership by the bondholders, issue maturity, and call structure. |
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http://mba.vanderbilt.edu/fmrc/papers/wp9608.htm
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| | Is Convertible Debt a Substitute for Straight Debt or Common Equity? |
| | Thus, in contrast to standard securities like straight debt or common equity, which solve some financing problems but exacerbate others, hybrid securities such as convertible debt are seen as providing a more flexible funding choice that can solve conflicting financing problems. | | | convertible debt instead of common equity to reduce the costs of adverse selection. | | | Some forms issue convertible debt instead of straight debt to mitigate the costs of bondholder/stockholder agency conflicts. |
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http://mba.vanderbilt.edu/fmrc/papers/wp9808.htm
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| | BankruptcyNews.org::News articles & research on convertible debt |
| | As a result of the $13.4 million in convertible debt issued to the former owners of MedUnite and the financing of certain liabilities of MedUnite during the... | | | Calamos Convertible Opportunities and Income Fund is a closed-end management investment company that invests primarily in a portfolio of convertible debt in... | | | Conversion of Debt Subsequent to the third quarter, $2.5 million in convertible debt and $508,892 in accrued interest on that debt was converted into... |
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http://finance.za-news.com/news/convertible_debt.html
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| | CA Plans Convertible Debt Sale |
| | The remainder of the proceeds would be used to refinance existing debt and for general corporate purposes. | | | Still, the convertible note sale should give the company more capital with which to address bank debt of $1.2 billion and $575 million of long-term debt maturities, much of which comes due in May and June 2003, Moody's said. | | | Trigg said the company had $3.9 billion in debt as of last month, down from $6 billion at the end of 2000. |
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http://www.thestreet.com/pf/tech/software/10012902.html
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| | "Secondary capital," as used in this division, means the sum of mandatory convertible debt that is not included in ... |
| | Issues of limited life preferred stock and subordinated notes and debentures, except mandatory convertible debt, shall have original weighted average maturities of at least seven years to be included within capital surplus under primary capital. | | | "Secondary capital," as used in this division, means the sum of mandatory convertible debt that is not included in primary capital, limited life preferred stock, and subordinated notes and debentures, all in an amount up to 50 percent of primary capital. |
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http://www.iadvocate.net/CACode/CACode_Section29554.htm
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| | convertible debt |
| | convertible debt Some Places to search for convertible debt, convertible debt, Find Everything about convertible debt, Look here for convertible debt, These Websites have the Information about convertible debt, convertible debt Websites, All About convertible debt, The Best convertible debt information is found on these sites you have requested. | | | convertible debt news and convertible debt products and services can be found here. | | | Information needed about convertible debt can be found on these sites. |
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http://www.tihministries.com/search/convertible%20debt
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| | Saks May Default on Convertible Debt - CFO.com |
| | The retailer, which is embroiled in an accounting scandal, announced that it recently received a notice of default regarding its $230 million 2 percent convertible senior notes due March 15, 2024. | | | The company added that those lenders have waived any event of default that may arise from the company's failure to file its financial statements. | | | The notice of default asserts that Saks breached a covenant in the notes that requires the company to file its annual report within 120 days of its January 29, 2005, fiscal year-end. |
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http://www.cfo.com/printable/article.cfm/4096722?f=options
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| | Debt Free Search - Debt Plans |
| | Debt management company providing a free service for clients in the UK in debt. | | | Free debt advice, no fees debt management plans, IVA advice... | | | Thanks to the rapid debting of america, more companies than ever are offering debt plans, but you may be confused when you're trying to pick the right one. |
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http://www.debt-free-search.com/debt-plans
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| | Business Wire: Aon Announces Convertible Debt Offering |
| | Aon intends to use the net proceeds to repay short-term debt. | | | Aon Corporation (www.aon.com) is a holding company that is comprised of a family of insurance brokerage, consulting and insurance underwriting subsidiaries. | | | Aon intends to grant the initial purchasers a 13-day option to purchase an additional $30 million in aggregate principal amount of convertible debentures. |
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http://www.findarticles.com/cf_dls/m0EIN/2002_Nov_4/93925935/p1/article.jhtml
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| | Business Wire : Southwall Technologies Raises $4.5 Million in Convertible Debt and Reaches Agreements with Major ... |
| | At the option of the investors, the secured convertible debt can be converted into 4,500,000 shares of preferred stock. | | | Other terms remain generally unchanged as the total bank guarantee and secured debt financing package provides up to $7.5 million in funding for Southwall. | | | Southwall Technologies Inc. (Nasdaq:SWTX), a global developer, manufacturer and marketer of thin-film coatings for the electronic display, automotive glass and architectural markets, today announced that it has raised $4.5 million in convertible debt funding under an amended and restated agreement with a group of investors led by Needham Capital Partners. |
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http://static.highbeam.com/b/businesswire/february242004/southwalltechnologiesraises45millioninconvertibled/index.html
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| | Convertible-debt deals reach an all-time high - 2003-06-16 |
| | A record number of local companies are selling convertible debt, seizing on low interest rates and rising stock prices to raise capital on better terms than available via conventional stock or bond offerings. | | | For corporate chieftains who need cash, the appeal is twofold: By offering an "equity kicker" they can borrow at lower rates, and if their company's stock goes up the debt will be converted to stock and stop weighing down the balance sheet. | | | The hybrid securities, which pay interest like a bond but can be converted to shares of stock at a predetermined price, are enjoying a popularity surge across the country. |
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http://www.seattle.bcentral.com/seattle/stories/2003/06/16/story6.html
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| | Convertible Debt Securities |
| | option to convert into equity at a fixed price |
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http://www.kontikicapital.com/corporate/presentation/sld056.htm
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| | PRESS RELEASE Prospect Energy Corporation Provides Senior Secured Convertible Debt Financing to Miller Petroleum, Inc. |
| | Prospect Energy Corporation (www.prospectenergy.com) is a closed-end investment company that lends to and invests in energy-related businesses and assets. | | | Prospect is investing $3.15 million of senior secured debt alongside $1.0 million from Petro Capital Advisors, LLC ("Petro Capital"), of Dallas, Texas. | | | Prospect Energy's investment objective is to generate both current income and long-term capital appreciation through debt and equity investments. |
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http://www.marketwire.com/mw/release_html_b1?release_id=86320
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| | Crivello Group, LLC Announces Convertible Debt Investment in Ventures National, Inc. dba Titan General Holdings, Inc. |
| | DebtBlaster software helps the consumer create a month-by-month debt management plan in the privacy and comfort of home, avoiding the embarrassment of disclosing finances to a stranger and the high fees often charged by debt counselors. | | | X2 Enterprises has just released Debt Consolidator Pro, which can help consumers to literally save thousands of dollars in interest on their interest-accruing debts. | | | Consider its zero automotive debt, high operating profit margins, and attractive returns on investment capital. |
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http://www.stargeek.com/item/239914.html
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| | Business Wire: Exemplar International Announces Acquisition; Convertible Debt Offering; Financial Results |
| | This filing does not prevent the existing shares of the Company's common stock from continuing to be quoted on the Pink Sheets, because SEC registration and reporting are not required for quotation through this service. | | | Furthermore, the Company anticipates that it will restructure a substantial portion of its outstanding debt in conjunction with this round of financing. | | | Proceeds from the offering will be used for working capital required to fund business development activities and complete development of information systems projects in support of the Company's product offerings and operations. |
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http://articles.findarticles.com/cf_dls/m0EIN/2002_August_21/90569459/p1/article.jhtml
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| | Fairfax Announces Pricing Of U.S. Private Convertible Debt Issue |
| | Each US$1,000 principal amount of debentures will be initially convertible under certain circumstances into 4.7057 subordinate voting shares, which represents an initial conversion price of approximately US$212.51 per share, a premium of approximately 42.8% over the closing price of the subordinate voting shares on July 8, 2003. | | | Fairfax will use the net proceeds for general corporate purposes, including particularly investing in cash, short-term investments and marketable securities and repurchasing or repaying debt. | | | Fairfax Financial Holdings Limited is a financial services holding company which, through its subsidiaries, is engaged in property, casualty and life insurance and reinsurance, investment management and insurance claims management. |
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http://www2.cdn-news.com/newsnet/2003/07/09/0709068n.html
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| | IngentaConnect Managerial Opportunism and Capital Structure Adjustments: Equity-... |
| | On the other hand, convertible debt, which gives debt holders a unilateral right to convert, can change a firm's debt level even after the manager's investment decision. | | | We consider a situation in which a corporate manager's investment decision is affected by the firm's debt level. | | | Although both an equity–for–debt swap and convertible debt can induce the self–interested manager to undertake only value–increasing projects through capital structure adjustments, there exists a significant difference between these two financial instruments. |
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http://www.ingentaconnect.com/content/bpl/irfi/2002/00000003/00000001/art00003
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| | THE BENEFITS OF CONVERTIBLE DEBT ANATOMY OF A FINANCING Section: HANDS ON: FINANCE Magazine: Inc., February, 1995 |
| | Unlike equity, convertible debentures "would pay an attractive rate of return from the beginning, and they offered our investors the chance to convert to equity, with its upside potential, at a date later in the company's development," says Troy. | | | After five years the company would return the principal to all investors who had not, within a specified period, chosen to convert the debt to common stock. | | | KnowledgePoint's description of conversion rights was two paragraphs long, including a detailed requirement that investors notify the company of conversion plans in writing, not earlier than November 1, 1988, and not later than six months before final payment of the debentures was due. |
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http://mgv.mim.edu.my/Articles/00310/9602545.Htm
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| | CIBER Modifies Contingent Convertible Debt Conversion |
| | In CIBER's case, the debt is not convertible until its stock reaches $16.36/share for a period of time, and then it is not mandatory. | | | The issue arose in December 2004 when FASB issued an EITF memo (04-8) stating that retro-actively, companies that issued contingent convertible debt offerings would need to change the way EPS was computed by adding back related interest expense and dividing by the eventual number of shares the debt would be converted into. | | | GREENWOOD VILLAGE, Colo., July 20 /PRNewswire-FirstCall/ -- CIBER, Inc., today announced its Board of Directors agreed to exercise CIBER's rights pursuant to the terms of its December 2003 Contingent Convertible Debt issue to irrevocably say that upon conversion, all conversions would be settled entirely in cash. |
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http://www.tmcnet.com/usubmit/-ciber-modifies-contingent-convertible-debt-conversion-/2005/jul/1165413.htm
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| | Actuant Announces Impact of New Contingent Convertible Debt Accounting Rule newratings.com |
| | This new accounting rule requires companies with contingently convertible debt instruments to include the dilutive effect of the contingently convertible debt in diluted earnings per share calculations regardless of whether the market price trigger has been met. | | | This new accounting rule is also required to be applied retroactively. | | | Business WireActuant Corporation (NYSE:ATU) announced that it will adopt the provisions of the Emerging Issues Task Force Issue 04-8, "The Effect of Contingently Convertible Debt on Diluted Earnings per Share" ("EITF 04-08") in its quarter ending February 28, 2005. |
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http://www.newratings.com/analyst_news/article_674129.html
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| | Citations: Stage Financing and the Role of Convertible Debt - Cornelli, Yosha (SMEALSearch) - ... |
| | Cornelli, F. and O. Yosha, 1999, "Stage Financing and the Role of Convertible Debt," CEPR Discussion Paper 1735. | | | Citations: Stage Financing and the Role of Convertible Debt - Cornelli, Yosha (SMEALSearch) - Pal,Rangaswamy,Giles,Debnath | | | Cornelli, F. and O. Yosha, 1999, "Stage Financing and the Role of Convertible Debt" CEPR Discussion Paper 1735 |
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http://smealsearch2.psu.edu/context/14209/0
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| | Accounting for Convertible Debt: A Fundamental Financial Instrument Approach to Accounting for Convertible Debt as a ... |
| | Two methods of accounting for a convertible bond are seen as consistent with this approach: (a) recognise the fundamental components of a convertible bond separately in the accounts; and (b) analyse a convertible bond in terms of its fundamental components and account for it as a single instrument. | | | Accounting for Convertible Debt: A Fundamental Financial Instrument Approach to Accounting for Convertible Debt as a Single Instrument | | | There is currently disagreement amongst accounting regulators as which of thse methods should be used. |
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http://www.ideas.uqam.ca/ideas/data/Papers/fthsotoam96-116.html
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| | Adaptec: Adaptec Completes Convertible Debt Offering |
| | With the net proceeds, Adaptec purchased approximately $125 million aggregate principal amount of its outstanding 3% Convertible Subordinated Notes due 2007, entered into separate convertible bond hedge and warrant transactions and purchased U.S. government securities as security for the ten initial interest payments under the notes. | | | The remaining net proceeds will be used for working capital and general corporate purposes. | | | Adaptec recently announced the pricing of its private offering of $200 million aggregate principal amount of its 3/4% Convertible Senior Subordinated Notes due 2023. |
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http://www.adaptec.com/worldwide/company/pressrelease.html?sess=no&language=German&pressCat=%2fHome+Page&prodkey=12222003
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| | Mirant to issue $370 million in convertible debt - 2002-07-01 |
| | Mirant Corp. plans to issue $370 million in convertible debt securities for liquidity, working capital and general corporate purposes. | | | Mirant to issue $370 million in convertible debt | | | Mirant to issue $370 million in convertible debt - 2002-07-01 |
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http://www.bizjournals.com/atlanta/stories/2002/07/01/daily4.html
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| | Convertible Debt May Rebound, Trouble Lurks-D.Bank |
| | NEW YORK, Oct 8 (Reuters) - The largely dormant U.S. convertible securities market should regain a sense of normalcy in 2003, but trouble may lurk for one or more of the 48 companies that may be forced to buy back up to $25 billion of the securities, Deutsche Bank Securities Inc. said on Tuesday. | | | The problem looms in "put" options, which let holders sell the securities back to the issuer at a preset price. | | | Convertibles are complex stock-bond hybrids that often generate income and can be converted into st... |
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http://www.webprowire.com/summaries/266199.html
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| | FIND.FM - the search engine you trust |
| | Debt Consolidation, Refinance, Cash Advance, Mortgages, Credit Repair, Credit Cards, Credit Reports, Auto Loans, Investing, Online Payments |
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http://www.sms.smessage.cz/everquest-cheat--everquest-cheat
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| | Forbes.com: Valeant to offer $400 mln in convertible debt |
| | Forbes.com: Valeant to offer $400 mln in convertible debt | | | NEW YORK, Nov 13 (Reuters) - Valeant Pharmaceuticals International (nyse: ICN - news - people) on Thursday said it plans to offer for sale, subject to market conditions, about $400 million worth of debt to institutional buyers. | | | 11/12/03 4:02:00 PM ET Valeant to offer $400 mln in convertible debt |
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http://www.forbes.com/personalfinance/retirement/newswire/2003/11/13/rtr1146674.html
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| | [No title] |
| | 05) S-8 FIRSTENERGY CORP, 3303845100 - 7,000,000 ($229,397,503.53) Debt Convertible into Equity, (File 333-110662 - Nov. 21) (BR. | | | 07) S-8 ANZA INNOVATIONS, 24843 DEL PRADO, STE 318, DANA POINT, CA, 92629, 9484877295 - 1,500,000 ($225,000.00) Debt Convertible into Equity, (File 333-110659 - Nov. 21) (BR. | | | 01) S-3 NEKTAR THERAPEUTICS, 150 INDUSTRIAL RD, SAN CARLOS, CA, 94070, 6506313100 - 0 ($59,279,000.00) Debt Convertible into Equity, (File 333-110677 - Nov. 21) (BR. |
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http://www.sec.gov/news/digest/dig112403.txt
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| | Markets, Industries: Derivatives |
| | Targeted to the user interested in issuing such products as part of a corporate financing program, the book covers such standard instruments as warrants, asset-linked notes, convertible securities, exotics, investment trusts, swaps and private placements... | | | Although somewhat dated, this is an excellent non-technical book on structured equity products. | | | This is a book on structuring OTC equity derivatives. |
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http://www.riskbook.com/topics/markets_industries_derivatives.htm
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| | CORRECTING and REPLACING Island Pacific Arranges Financing and Adopts a Plan to Restructure Company; Raises $4.2 ... |
| | The Company will use approximately Two Million Five Hundred Thousand Dollars ($2,500,000) of the proceeds to repay the secured term note issued by the Company on April 18, 2005 (the "April Note") and the remaining of the proceeds for working capital and other purposes. | | | CORRECTING and REPLACING Island Pacific Arranges Financing and Adopts a Plan to Restructure Company; Raises $4.2 Million in Convertible Debt; Develops a Plan to Return to Positive Cash Flow and Profitability | | | Your use of this website constitutes acceptance of the Lycos Privacy Policy and Terms and Conditions |
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http://finance.lycos.com/qc/news/story.aspx?symbols=BWIRE:100&story=200506220012_BWR__BW6164
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| | Exemplar makes acquisition, convertible debt offering - 2002-08-21 |
| | Valentine Flowers Debt Reduction Debt Consolidation Debt Management Mortgage Refinancing Fractional Jet Ownership Home Based Business Private Jet Charter 0% APR Credit Cards Credit Cards Currency Car Insurance Rates | | | Exemplar makes acquisition, convertible debt offering - 2002-08-21 | | | The acquisition is part of Diligenti's plan to close its operations in the United Kingdom, France and the United States. |
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http://tampabay.bizjournals.com/tampabay/stories/2002/08/19/daily22.html
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| | Convertible Debt offering |
| | The issuance of the notes has been structured to allow secondary market trading under Rule 144A of the Securities Act of 1933. | | | The convertible subordinated notes, which are noncallable for three years, are due July 1, 2004, have not been registered under the Securities Act of 1933 and may not be offered or sold in the United States absent registration. | | | The net proceeds of the offering will be used to support the introduction of the company’s regional jet fleet, the repurchase of 1.46 million shares of the company’s common stock from British Aerospace at a discount to the market price, the retirement of higher interest debt and for general corporate purposes. |
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http://www.flyi.com/company/pressarchive/1999/fin-condebt.html
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| | Fool.com: JDS Uniphase on the Prowl [Motley Fool Take] October 28, 2003 |
| | The company plans to use the cash for general corporate purposes or even possible acquisitions. | | | On Monday afternoon, the fiber optic components manufacturer announced that it would sell $400 million in zero-coupon convertible bonds, sending its shares over 5% lower in after-hours trading. | | | The notes are redeemable in Nov. 2008 at $4.94 per share -- a 38% premium to Monday's close of $3.58 -- meaning buyers will pay a roughly 6% to 7% annualized premium for the convertible option, factoring in dilution. |
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http://www.fool.com/News/mft/2003/mft03102817.htm
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| | CONVERTIBLE DEBT RESTRUCTURING LIMITED credit report - Sunday 18th September 2005 |
| | As this company has either not, or only recently filed, they are not yet analysed by our system, so we are unable to offer a credit report. | | | Notice of change of directors or secretaries or in their particulars. | | | CONVERTIBLE DEBT RESTRUCTURING LIMITED credit report - Sunday 18th September 2005 |
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http://www.ukdata.com/company-listings/details/CONVERTIBLE+DEBT+RESTRUCTURING+LIMITED.html
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| | The Timeshare Beat: Cendant Corporation Announces Intent to Redeem Zero Coupon Senior Convertible Contingent Debt ... |
| | The accreted value on that date will be $655.49 per $1,000- principal amount at maturity. | | | NEW YORK, NY -- Cendant Corporation (NYSE: CD) announced that, as part of its debt reduction strategy, on February 13, 2004 it intends to exercise its right to redeem the Zero Coupon Senior Convertible Contingent Debt Securities ("CODES") due February 2021 for cash at their accreted value. | | | As a result of the announcement of the Company's intent to redeem the CODES for cash, holders have the right to convert CODES into shares of Cendant Common Stock at any time before the close of business on February 11, 2004. |
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http://www.thetimesharebeat.com/2004/jan/0123-03t.htm
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| | Convertible debt as delayed debt |
| | - Issuing equity by first issuing convertibles and later forcing conversion leads to a larger negative abnormal return (-4.15%) than issuing equity outright (-3.14%). | | | 2.The call feature that allows convertibles to be an advantageous method for some firms to get equity into their capital structure (Stein, 1992). | | | Forcing conversion is a bad signal since it indicates a desire to insure against deterioration in the stock price and the risk of ending up with unconverted convertibles. |
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http://www.math.ust.hk/~maykwok/Web_ppt/rationale/tsld004.htm
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| | Synthetic Convertible Debt |
| | (1) A debt and warrant package structured to resemble a traditional convertible debt issue. | | | See also Equity-Linked Note (ELN) (diagrams), Hybrid Debt. | | | The components of the package may be separable, unlike traditional convertibles, or they may be in the form of an equity-linked note. |
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http://www.riskinstitute.ch/00013065.htm
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| | AMERICAN AIRLINES WITHDRAWS CONVERTIBLE DEBT OFFERING |
| | There are good reasons for convertible bond investors to short shares of the company whose convertibles they are buying. | | | FORT WORTH, Texas, Aug. 4 /PRNewswire/ -- AMR Corp. (NYSE: AMR - News) announced that due to the state of current market conditions, it has decided not to sell a convertible debt offering launched earlier today. | | | Additional information concerning these and other factors is contained in the Company's Securities and Exchange Commission filings, including but not limited to the Form 10-K for the year ended Dec. 31, 2002, and the Form 10-Q for the quarter ended June 31, 2003. |
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http://www.freerepublic.com/focus/fr/958431/posts
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