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In finance, subordinated debt (also known as subordinated loan, subordinated bond, subordinated debenture or junior debt) is debt which ranks after other debts if a company falls into liquidation or bankruptcy. Such debt is referred to as 'subordinate', because the debt providers (the lenders) have subordinate status in relationship to the ...
Total short and long-term borrowings, junior subordinated notes, and subordinated debentures of $58.2 million at quarter-end end, down 67.96% (annualized) from $70.2 million as of the prior quarter-end, and unchanged from $58.2 million as of year-end 2023. Total stockholders’ equity
AIG To Redeem 6.45% Junior Subordinated Debentures NEW YORK--(BUSINESS WIRE)-- American International Group, Inc. (NYS: AIG) today announced that it will redeem all of its outstanding 6.45% Series ...
AIG to Redeem 7.70% Junior Subordinated Debentures Due 2047 NEW YORK--(BUSINESS WIRE)-- American International Group, Inc. (NYS: AIG) today announced that it will redeem all of its outstanding 7. ...
In exchange, the company issues junior subordinated debt to the trust with essentially the same terms as the trust's preferred stock. All steps except the formation of the trust occur simultaneously. If the issuing company is a bank holding company, it will also usually guarantee the interest and maturity payments on the trust preferred stock.
AIG Announces Early Participation Results of Its Tender Offers NEW YORK--(BUSINESS WIRE)-- American International Group, Inc. (NYS: AIG) today announced the results as of the Early Participation ...
The higher cost of capital associated with mezzanine financings is the result of it being an unsecured, subordinated (or junior) obligation in a company's capital structure (i.e., in the event of default, the mezzanine financing is only repaid after all senior obligations have been satisfied).
FAIR LAWN, N.J., Jan. 28, 2025 (GLOBE NEWSWIRE) -- Columbia Financial, Inc. (the “Company”) (NASDAQ: CLBK), the mid-tier holding company for Columbia Bank ...