Make Whole Call Provision

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Make Whole Call Provision

A provision in some bond agreements allowing the issuer to redeem the bond before maturity if it gives bondholders a lump-sum payment equal to the net present value of coupons they would have received, had the bond not been called. A make-whole call provision allows the issuer to reduce the amount of debt on its balance sheet, if need be, while also limiting bondholders' risk.
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Was PCS aware of the "poison pill" effect hidden in the $4 billion make-whole provision of the DT intercompany notes?
Terex will be paying the holders the principal amount, a premium which will be figured out under the make-whole provision of the indentures plus accrued interest of $35.
Company to Use Strong Cash Position at End of 2012 to Prepay Half of its $500 Million 8% Notes a Year Earlier Than Planned by Using Make-Whole Provision
50% senior notes due 2017, including expenses associated with such redemption, pursuant to the make-whole provision in the indenture governing such notes and intends to use the remaining net proceeds for general corporate purposes, including capital expenditures, investments, working capital and potential acquisitions and strategic transactions.
The notes are callable by PepsiCo subject to a make-whole provision.
50% senior notes due 2017, including expenses associated with such redemption, pursuant to the make-whole provision in the indenture governing such notes, and intends to use the remaining net proceeds for general corporate purposes, including capital expenditures, investments, working capital and potential acquisitions and strategic transactions.
The effect of this make-whole provision is that, in the event of a sale of the company during the no-call period, the conversion price of this debt may decrease dramatically from $20.
Represents the difference between the Q4 2010 and Q4 2009 early retirement make-whole provision charges net of the acceleration of deferred gains related to terminated interest rate swaps on the retired debt of $(0.
The notes are redeemable by CCE subject to a make-whole provision.
The Company expects to record a charge in the fourth quarter associated with the make-whole provision on the retired debt, estimated at approximately $50 million after-tax ($75 million pretax), or ($0.
71, and eliminating the make-whole provision, (iv) exchanged its Term Note A, which had a current outstanding balance of $6.
123R, amortization of purchased intangibles, and the 2007 changes in the value of the make-whole provision of our convertible notes, each as adjusted by the amount of additional taxes payable or tax benefit that the company would accrue if it used non-GAAP results instead of GAAP results to calculate the company's tax liability.