In July, we completed a straight debt
financing of $17 million ([euro]15.
French Finance Minister Michel Sapin said after meeting Varoufakis that Athens could not expect a straight debt
write-off, but left the door open to other options that include giving Athens more time for repayment.
Before the meeting Sapin repeated that Greece could not expect its partners to accept a straight debt
Our data set comprises convertible debt, straight debt
, and seasoned equity offerings made by US corporations from 1992 to 2007.
2) CBs could be more expensive than either pure equity or straight debt
financing, given the firm's ex ante prospects.
Calibrating the model to recent data for large banks, replacing straight debt
with CoCos makes bankruptcy less likely and substantially reduces the debt-overhang costs (though, to be honest, in most cases it means increasing the debt-overhang benefits).
For additional assurance that the obligation will not jeopardize the corporation's S status, the planner can structure the obligation to meet the straight debt
safe harbor described below.
We expect that about half of the permanent financing will consist of convertible notes with the balance of the purchase price composed of straight debt
When instead legal protection against fraud is poor, straight debt
with foreclosure is the only feasible contract, even if it induces over-liquidation.
At the same time, the medium quality firm will not issue straight debt
, to avoid financial distress costs.
In addition, it led in technology straight debt
volume with 10 deals for $6.
An obligation to pay constitutes straight debt
if it is an unconditional promise to pay a sum certain in money and the interest rate and payment dates are not contingent on profits, borrower's discretion or similar factors.