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Equivalent loan |
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Equivalent loan Given the after-tax stream associated with a lease, the maximum amount of conventional debt that the same period-by-period after-tax debt service stream is capable of supporting. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| Thompson called the idea that the tax revenues are being replaced with equivalent loan payments a financial sleight of hand. 15 billion equivalent loan in multi-currency tranches and a non-dilutive equity offering for $660 million, which proceeds were applied to unwind certain forward contracts with banks, to purchase approximately 87% of Cemex's appreciation warrants and to repay the outstanding $650 million of preferred equity. Positively, Manquehue has extended a US$2 million equivalent amortization due November 2002 until September 2004, restructured roughly US$15 million of vendor financing and is in the process of restructuring a US$30 million equivalent loan with Chilean financial institutions. |
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Equivalent loan
