Search results
Results from the WOW.Com Content Network
In finance, a convertible bond, convertible note, or convertible debt (or a convertible debenture if it has a maturity of greater than 10 years) is a type of bond that the holder can convert into a specified number of shares of common stock in the issuing company or cash of equal value.
The convertible senior notes will be convertible into shares of the Company's common stock, cash or a combination of shares of common stock and cash, at the Company's election.
Seniority can refer to either debt or preferred stock. Senior debt must be repaid before subordinated (or junior) debt is repaid. [1] Each security, either debt or equity, that a company issues has a specific seniority or ranking. Bonds that have the same seniority in a company's capital structure are described as being pari passu.
A convertible security is a financial instrument whose holder has the right to convert it into another security of the same issuer. Most convertible securities are convertible bonds or preferred stocks that pay regular interest and can be converted into shares of the issuer's common stock.
This means that preferred stock is senior to common stock. But a company’s bonds are senior to preferred stock, so while preferred stock comes with less risk than common, it does carry more risk ...
Saks Incorporated Announces Redemption of 2.0% Convertible Senior Notes Due 2024 NEW YORK--(BUSINESS WIRE)-- Retailer Saks Incorporated (NYS: SKS) (the "Company") today announced that it is giving ...
Mezzanine capital is a type of financing that sits between senior debt and equity in a company's capital structure. It is typically used to fund growth, acquisitions, or buyouts. Technically, mezzanine capital can be either a debt or equity instrument with a repayment priority between senior debt and common
Solazyme, Inc. Closes Offering of Convertible Senior Subordinated Notes Raises $125 million in Gross Proceeds, Including Exercise in Full of Over-Allotment Option SOUTH SAN FRANCISCO, Calif ...