NYSE:WEX), a provider of corporate payment solutions, has announced a successful repricing
of the company's secured term loans under its existing credit facility, the company said.
It contains both blocks that cannot be changed by the user and a high-speed block for in-database calculations in which repricing
algorithms can be changed.
The TLB-1 repricing
follows the recent successful re-pricing of Avolon's USUSD 5.
There is no change to maturities or covenants as a result of this repricing
Stockholder approval of the option repricing
was required under NYSE rules and the terms of a2014 Incentive Plan initiated by Townsquare.
transaction was launched on August 7 on the back of improved bank market conditions, the company said in a statement, adding that it has also repriced a $750 million syndicated financing facility signed in September 2013.
Dubai: Airport retailer Dubai Duty Free, or DDF has completed repricing
for the world's largest single airport retailer is expected to close next week.
Travelport, the business services provider to the global travel industry, has announces that Emirates Airline has deployed Travelport Rapid Reprice technology on its website, giving online travel buyers all-new ticket repricing
However, under Notice 2008-113, the repriced options will be treated as satisfying the requirements of section 409A only if (1) the exercise price was erroneously set below the fair market value of the stock on the date of grant and (2) the repricing
occurs before the employee exercises the stock right and not later than the last day of the employee's tax year in which the employer granted the stock options, or if the employee was not an insider under section 16 of the Securities Exchange Act of 1934 at any time during the year the options were granted, not later than the last day of the employee's tax year immediately following the employee's tax year in which the employer granted the stock option.
EXHIBIT 2 Summary of High-Profile Stock Option Exchanges/Repricings
Company Date of Incremental Stock Price Year Repricing
/Exchange Compensation before Repricing
Charges Cardinal Health June 23, 2009 Not Material $30.
NS) has started repricing
deposits from about 12 percent to about six percent as part of a strategy to reprice its high-cost deposits and improve its profit margins, DNA Money has reported, citing Rathnakar Hegde, executive director at the bank.