Make-Whole Provisions financial definition of Make-Whole Provisions
Make Whole Call Provision (redirected from Make-Whole Provisions)
Make Whole Call Provision
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References in periodicals archive
The firms issuing callable debt can significantly weaken the call protection by including the Refundable or Make-Whole provisions
. Both of these provisions allow the firms to call the debt during the call protection period (9).
8.5 percent Senior Notes maturing in 2020 in accordance with the contractual make-whole provisions
The company added that it intends to redeem any and all notes that are not tendered and accepted in the tender offer in accordance with the make-whole provisions
under the indenture governing the notes.
Pfizer intends to use the net offering proceeds to fund the purchase of its 6.200% Senior Notes due March 15, 2019 validly tendered and accepted for payment in Pfizer's previously announced tender offer and to fund the redemption of any of the tender notes that remain outstanding after the completion of the tender offer in accordance with the terms of the make-whole provisions
of the indenture governing the tender notes.