With nearly half of the [pounds sterling]244 billion of outstanding debt against UK commercial property needing to be repaid over the next two years, and with all banks facing tighter regulatory capital constraints, Matrix said it believes that the severe imbalance between the supply and demand of debt will continue to provide an opportunity for, not only, borrowers to find much needed debt terms but also for investors to earn consistent, high income returns from secured junior debt
Bank of America Corp (NYSE: BAC) is said to be looking to sell stock and senior debt in order to retire junior debt
and preferred stock.
Doug has more than twelve years of finance industry experience, most recently as an operating director with Arsenal Capital Partners, a New York-based private equity firm and for the six prior years with a Chicago-based provider of senior debt, junior debt
PRESENTERS Moderator: -- John Brignola, co-founder of LBC Credit Partners, headquartered in Philadelphia, a mezzanine fund that provides junior debt
to middle-market businesses Panel: -- Michael B.
LBC Credit Partners is a leading mezzanine fund providing privately negotiated junior capital to middle market businesses with revenues generally less than $750 million and junior debt
requirements of $10-$50 million.
The ABT for the junior bonds requires that historical and projected net pledged revenues cover net senior and junior debt
service (defined as junior debt
service minus earnings on the junior debt
service funds) by at least 1.
DALLAS, DENVER and TAMPA, April 30 /PRNewswire-FirstCall/ -- Stonehenge Growth Capital ("SGC"), the principal investment group of Stonehenge Capital Company, LLC ("Stonehenge"), has raised a $200 million junior debt
investment fund, bringing its total assets under management to $735 million.
The 'A-' rating on both the senior and junior debt
reflects the little financial coverage distinction between the two lien levels based on existing debt secured by airport net revenues.
Ben Branch, chapter 7 trustee for the bankruptcy estate of Bank of New England Corporation ("BNEC"), announced today that as a result of a bankruptcy court approved mediation session held on Tuesday, November 22, 2005, an agreement in principle (the "Agreement") was reached between representatives of the holders of each of the senior debt securities and the junior debt
securities of BNEC.
Monroe Capital is a private investment firm providing senior and junior debt
and equity co-investments to middle-market companies in the U.
Goldberg will advance the bank's expertise in growth and acquisition capital, junior debt
and mezzanine financing.
Under the amended terms of its Senior Credit Facility, the senior secured debt to cash flow covenant threshold required before CanWest Media will be permitted to repay junior debt
has been amended from 3.