Each Debt Warrant
entitles the holder thereof to acquire one (1) common share at an exercise price of $0.
76 per Debt Warrant
, which is the equivalent of $1,025 per $1,000 principal amount of Notes into which the Debt Warrants
would be exchangeable.
None of this debt warrants
a mention in any Local Authority accounts despite South Tyneside Council's Audit Committee Report on January 17, 2011 (on their website) that states "Any liability to LA7 would be limited to 51%.
The recent increase in Canadian household debt warrants
monitoring as interest rates start to rise from current low levels.
2 million aggregate principal amount at maturity of 15% senior secured discount notes due December 1, 2007, which do not require interest payments until June 2003, together with debt warrants
to purchase $38.
Simultaneously, Petro Stopping Centers issued $135,000,000 principal amount 10 1/2% Senior Notes due 2007, issued pursuant to Rule 144A, the proceeds of which will be used to finance the purchase of the 12 1/2% Senior Notes and the Debt Warrants
and the transactions referred to above.