Superior will use funds from its credit facility to fund the redemption of the 2012 Debentures
"We will be sending a detailed response to Russell Jenkins to this effect, which explains the position with regards to debenture
holder access to non-WRU events, but we also remain grateful for his communication which will help us to focus attention on this important issue."
But bank debentures
have lost their significance since banks were generally allowed in 1999 to issue straight bonds as non-bank companies do.
69-142, the Service determined that the parties had undertaken a valid B reorganization, but that the exchange of the debentures
was a separate, taxable exchange.
The Company also announced that, following on the successful solicitation of consents, it is considering an offering of Debentures
under its base shelf prospectus.
"A total of 84 debentures
of approximately 90 million denars are currently active, while debentures
of nearly 70 million denars have been erased.
There are currently 19,742 debenture
holders for the Millennium Stadium.
There are also full details on the 125th Anniversary Debenture
Issue on the WRU website www.wru.co.uk
The Minnesota Supreme Court ruled that the buyer of $15 million of subordinated debentures
from a now insolvent savings and loan may maintain an action against the S&L's auditors distinct from other creditors' actions.
Presumably, Parent transferred the right to obtain its stock before the debenture
Purchasers of Debentures
received a capital discount of 2.5% on the financing (meaning that for every $1.00 Debenture
acquired, purchasers of Debentures
paid $0.975 to the Company).
Just Energy Group announced that it has entered into an agreement with a syndicate of underwriters, pursuant to which Just Energy has agreed to issue, on a "bought deal" basis, CAD$100,000,000 aggregate principal amount of convertible unsecured senior subordinated debentures
at a price of CAD$1,000 per Debenture