Under the House bill, a debtor making more than the national median income for the same size household who can repay 20% of his or her unsecured debt
over a five-year period would not be eligible for Chapter 7.
3 million of unsecured debt
to a plan of financing unanimously approved by the company's board of directors on Sept.
These limitations provide that existing unsecured debt
will be equally and ratably secured with any new secured debt funding incurred in an LBO in the event that total secured debt, excluding certain permitted liens, exceeds 5% of net tangible assets, or approximately $1.
55 billion including earnout) as potentially having modest positive credit implications for the company's senior unsecured debt
based on recovery, as Kodak plans to use $1.
The unsecured debt
rating of 'A-' reflects the fact that these securities rank pari passu to the first-stage debt but do not share in the extra credit enhancement provided under the T&D agreements.
The ratings upgrade reflects the strength of ACAS' overall financial performance, strong capitalization, and slightly improved funding flexibility due to the company's progress over the past two years toward meeting its goal of having unsecured debt
comprise 50% of total debt.
outstanding that would share in recoveries in the event of a bankruptcy will expand to $22.
The securities rank pari-pasu with other existing senior unsecured debt
CHICAGO -- Fitch Ratings has downgraded Ford Motor Company's (Ford) senior unsecured debt
to 'B/RR4' from 'B+/RR3' following the announcement that Ford intends to raise $18 billion in new financing.
The issuer default and senior unsecured debt
ratings of PGN are upgraded to 'BBB' from 'BBB-'.
All of these measures are consistent with the 'BBB' issuer and unsecured debt
rating and are expected to remain within a narrow range of this level.
Senior unsecured debt
and bank facility affirmed at 'BBB+'.