Due to the high interest from institutional investors the order book for both tranches
exceeded in aggregate EUR 4 bn.
Profit payments on the Tranche
A Sukuk are covered by lease payments from TM while the principal redemption will be met via proceeds from either refinancing, repurchase by TM or the disposal of the Properties in the open market.
Units consisting of $100,000 principal amount of Third Tranche
Eligible Note and Third Tranche
Eligible Warrants to purchase 21,368 shares of common stock of the Company, or a pro-rata portion thereof.
The three properties sold in tranche
II were 6800 and 6900 Jericho Turnpike, a 207,583 s/f and a 100,989 s/f building, respectively, located on Long Island, and 710 Bridgeport Avenue, a 452,414 s/f building, located in Fairfield County, Connecticut.
use a mechanism similar to a "sinking fund" to establish a fixed principal payment schedule that directs cash-flow irregularities caused by faster- or slower-than-expected prepayments away from the PAC tranche
and toward another "companion" or "support" tranche
Previously the Bank delayed the authorization of the fourth tranche
of the MFF of 2007 by the Board of Directors from 22 June 2012 for 22 June 2013.
The transaction has been structured to be completed in three tranches
Therefore, Fitch expects to see negative rating pressure as well as principal impairments on exposed tranches
rated 'CCC' and below.
Previously the Bank delayed authorization of the fourth tranche
of MFF of 2007 by the Board of Directors from 22 June 2012 for 22 June 2013.
Based on information provided by Mellon Investor Services, LLC, the depositary for the offer, 155,502 Tranche
B Warrants, representing 25.
A's note rate is LIBOR + 500 basis points, with a LIBOR floor of 1.
and RBS Greenwich Capital acting as the co-managers for the Class A tranche
and Credit Suisse acting as co-manager on the Class B tranche