We expect the company to continue facing high liquidity pressure in the next 12-18 months due to substantial debt maturities falling due starting 26 May 2018, when the first LKR250 million principal repayment of its LKR1 billion secured debenture
Claude Resources Inc (TSX: CRJ) (AMEX: CGR), a Canada-based company that explores for mineral resources, has completed an offer to acquire a part of an outstanding 12% senior secured debentures
of the company.
Fitch has also affirmed the National Rating on Kotagala's outstanding senior secured debentures
Exall enters into an agreement to issue $35,000,000 worth of senior secured debentures
, fully secured by Exall s oil and gas assets, maturing 5 years from the issue date, and bearing interest at 8% per annum,
M2 EQUITYBITES-July 9, 2012--Radiant to issue secured debentures
, bonus shares(C)2012 M2 COMMUNICATIONS http://www.m2.com
11 November 2010 - DBRS on Wednesday gave a BBB ("low") rating with a "stable" outlook to the CAD200m (USD199.4m/EUR145.5m) 5.15% senior secured debentures
issue, due on 16 November 2020, of Cogeco Cable Inc (TSE:CCA).
--Senior secured debentures
revised to 'AA(bra)' from 'AA-(bra)';
The mortgage securing this loan is subordinate in ranking to existing mortgages on the Company's properties in favour of Franco-Nevada Corporation (secured debentures
issued in October 2011 (for a principal amount of $2,000,000) and April 2012 (for a principal amount of $1,500,000)).
Fitch has not provided any rating uplift for the collateralisation on the senior secured debentures
as their recovery prospects are considered to be average and comparable with those of the unsecured notes in a developing legal system.
( Premium or the Company ) is pleased to announce that it has closed a non-brokered private placement (the Private Placement ) of senior secured debentures
(the Debentures ) for gross proceeds of $340,000.
Fitch has also assigned Kotagala's outstanding senior secured debentures
a National Long-Term Rating of 'B+(lka)'.