The original loan note
agreement between the two companies was signed on 5 January 2012.
Global Banking News-July 20, 2011--Red Rock Resources plc - Issue of Secured Loan Note
and Warrants(C)2011 ENPublishing - http://www.
The gain attributable to the loan notes
is normally taxed when the loan note
is repaid, which will be 28% if ER is not available.
This results in a reduced value and coupon loan note
and conversion of some debt and loan notes
5m cash injection, a reduced value and coupon loan note
and a significant conversion of debt and loan notes
The convertible loan note
secured during the period will allow the company to accelerate the development of DrugPrint and PathScore.
New York) from family-owned Dekker Group for $122 million in cash, a loan note
Significantly reduces cost of debt (convertible loan note
coupon of 13.
As a result Global will be the sole lender of the amended loan note
with collateral remaining in place and securing the obligation.
ER does not automatically apply to loan notes
, and will (unless an election is made to tax the gain at the same date as the share sale) be taxed at 28% (or maybe even higher if CGT subsequently increases further) when the loan note
The loan notes
will be provided pursuant to the terms of a loan note
instrument to be dated on or around September 7, 2009.
Proventec also had a large payment to make at the end of June which coincided with a loan note
and interest payments.