Principal amount


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Principal amount

The face amount of debt; the amount borrowed or lent. Often called principal.

Principal Amount

The amount of money one borrows. Unless the loan is interest-free, one always pays more than the principal amount to the lender. The interest is calculated over the principal amount still outstanding. As a result, many loans are amortized so that a greater amount of principal amount remains outstanding for a longer period of time so the lender can make the most profit from the loan. It is also simply called the principal.
References in periodicals archive ?
Embraer said that the aggregate principal amount of old notes exchanged represent approximately 54.95% of the total aggregate principal amount of old notes outstanding at the commencement of the exchange offer.
The discount bond method will require taxpayers to make current adjustments to their OID accruals on the debt instrument to account for changes in the inflation-adjusted principal amount. Under the discount bond method, a taxpayer will accrue OID in a manner similar to Regs.
Petroleos Mexicanos has accepted for purchase or exchange the principal amounts of the outstanding series of securities identified as Group A securities and Group B securities, the company said.
89-122 held that a reduction in the principal amount of a debt obligation would result in a material modification and consequently a taxable exchange.
The principal amount of senior secured notes tendered represents approximately 93.6% of the outstanding principal amount of the Senior Secured Notes, and the principal amount of Second Lien notes tendered represents approximately 95.4% of the outstanding principal amount of the Second Lien Notes.
Biopharmaceutical company Incyte Corporation (NasdaqGS:INCY) revealed on Friday the completion of its private placement of USD750m aggregate principal amount of its convertible senior notes.
The new 2023 notes were priced to investors at 100 percent of their principal amount and will mature on May 1, 2023.
Gray has also delivered a notice of redemption to the holders of notesthat were not validly tendered in the tender offer at the redemption price of 103.750% of the principal amount, plus accrued and unpaid interest to, but not including, the date of redemption.
The company said the public offering consists of USD850m in aggregate principal amount of 3.450% notes due 2024, USD850m in aggregate principal amount of 3.750% notes due 2026, USD850m in aggregate principal amount of 4.000% notes due 2029, USD750m in aggregate principal amount of 4.550% notes due 2039 as well as USD1.000bn in aggregate principal amount of 4.700% notes due 2049.
and the other underwriters in connection with a public offering by UnitedHealth Group Incorporated of $3 billion aggregate principal amount of its notes, consisting of $750 million aggregate principal amount of 3.5% Notes due 2024, $300 million aggregate principal amount of 3.7% Notes due 2025, $850 million aggregate principal amount of 3.875% Notes due 2028 and $1.1 billion aggregate principal amount of 4.45% Notes due 2048.
TIPS will also provide for an additional payment at maturity if the security's inflation-adjusted principal amount for the maturity date is less than its principal amount at issuance.
The company has accepted for purchase USD4,538,000 of the outstanding USD228,578,000 principal amount of its 5.500% Senior Notes; USD17,219,000 of the outstanding USD161,999,000 principal amount of its 7.875% Senior Subordinated Notes; USD19,638,000 of the outstanding USD32,826,000 principal amount of its 8.000% Senior Notes; and USD4,166,000 of the outstanding USD16,146,000 principal amount of its 8.125% Senior Subordinated Notes.