Through broad participation from both insiders and non-insider investors, together with funds committed through the related standby commitments
, the company raised $45,000,000 from the rights offering.
As announced on 28th September 2011, the Company has terminated all the remaining unutilised Standby Commitments
amounting to [pounds]49.
Under the terms of the program, Freddie Mac will provide participating warehouse lenders with standby commitments
to purchase qualifying loans in the event a seller/servicer cannot meet its contract obligations or fails.
Some long-term commitments are only standby commitments
and are not expected to be funded unless there are difficulties in finding long-term monies elsewhere.
and Arklow Capital, LLC pursuant to standby commitments
under the previously announced Standby Purchase Agreement, generating aggregate gross proceeds of approximately $75 million.
Boliden Limited today announced the final results of its $243 million equity offerings which consisted of a $105 million common share rights offering to the Company's existing shareholders fully secured by subscription and standby commitments
and a $138 million common share offering directed to existing shareholders, certain Swedish investors and the Company's lenders fully secured by purchase commitments.
investors who buy or sell on their own account) in firm commitment transactions or act as agents in best effort and standby commitments
The termination of the remaining Standby Commitments
will be effective on 30th September 2011.
In addition to the holders of record, a group consisting of certain of Penn Treaty's top producing insurance agents issued standby commitments
to purchase shares in connection with the Rights Offering.
Because the offering was oversubscribed, no shares will be sold pursuant to standby commitments
made by certain large stockholders of Tejon who had agreed to purchase any shares not subscribed for in the offering.
Excludes standby commitments
issued but includes standby conversions.
Puebla's financial obligations (Ps715 million) represent standby commitments
to support or guarantee debt incurred by the state's municipalities and decentralized agencies with Mexican financial institutions.