Net proceeds along with existing corporate cash will be used by the company to redeem all of the outstanding USD540m total of its 5.375% senior notes due 2022 and all of the outstanding USD460m total of its 4.625% senior notes due 2023 (together the existing notes) and to pay the related redemption premiums
, accrued and unpaid interest and fees and expenses.
It will also use the funds to redeem the USD 750.0m outstanding principal amount of KLA-Tencor's 6.900% senior notes due 2018 (including the payment of associated redemption premiums
, accrued interest and related fees and expenses) as promptly as practicable following the closing of this credit facility.
ETRADE will use the proceeds, along with approximately USD460m of existing corporate cash, to redeem all of its outstanding 6.750 percent Senior Notes due 2016, and 6 percent senior notes due 2017, and to pay related redemption premiums
. The transaction will reduce the company's corporate debt outstanding by USD400m.
The new regime would reduce costs by moving from feed-in tariffs to redemption premiums
, in addition to the wholesale price of electricity, or tradable green certificates.
This figure simply allocates all the costs of servicing the liability (interest, issues costs and redemption premiums
) over the accounting periods in which it is in issue.
1.305-5, which governs the treatment of preferred stock redemption premiums
, has not yet been updated to reflect the passage of the Revenue Reconciliation Act (RRA) of 1990.
On or after 1 March 2022, the company may redeem the notes subject to applicable redemption premiums
. It may also redeem the notes at a "make whole" premium plus accrued and unpaid interest prior to 1 March 2022.
E-Trade said it will use the proceeds, along with approximately USD 460m of existing corporate cash, to redeem all of its outstanding 6.750% senior notes due 2016 and 6.000% senior notes due 2017 and to pay related redemption premiums
The regulations under section 305 include rules governing the treatment of redemption premiums
and, more important, set forth a specific standard for determining whether it is more likely than not that a right to redeem or purchase in the issuer (or a related person) will be exercised.
Net proceeds from the offering combined with cash on hand, will buy back and/or redeem and retire all of its outstanding 7.500% senior notes due 2020 under its tender offer, including tender or redemption premiums
regard such repurchase and/or redemption and to pay related fees and expenses, the company said.
The company intends to use the net proceeds from this offering, together with its cash on hand as necessary, to: (i) redeem the USD48.2m in shares of its Fixed Rate Cumulative Perpetual preferred stock, series A, originally issued to the US Department of the Treasury under the Troubled Asset Relief Program Capital Purchase Program; and (ii) redeem the two series of its trust preferred securities with an aggregate outstanding principal amount of USD20.5m, plus an estimated USD410 thousand of after-tax redemption premiums
. The company intends to use any remaining net proceeds for general corporate purposes.