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The term (sometimes used in the phrase cram-down deal) has also gained currency to denote informally any transaction where existing investors (debt or equity) are forced by circumstance to accept an unappealing transaction, such as an expensive financing, a debt transaction that subordinates them, a dilutive equity raising, or an acquisition at ...
An unsecured creditor is a creditor other than a preferential creditor that does not have the benefit of any security interests in the assets of the debtor. [1]In the event of the bankruptcy of the debtor, the unsecured creditors usually obtain a pari passu distribution out of the assets of the insolvent company on a liquidation in accordance with the size of their debt after the secured ...
A cram down is an investment in a struggling company by which the company's earlier investors and other owners are bought out entirely at a discounted price, or the value and terms of their securities are greatly reduced.
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Cram down; Restructuring; Scheme of arrangement ... may also have to determine whether any payments made by the company or transactions entered into may be voidable ...
The past year has been especially good for Visa (NYS: V) , as evidenced in its latest earnings report. Net income rose 25% year over year, and both transaction rates and payment volume growth have ...
Cram down [ edit ] H.R. 1106 contains a provision, frequently called " cram down ," which would allow judges to modify the rights of a mortgage holder, whether that mortgage holder is a primary lender or an investor in a mortgage-backed security , with regard to delinquent mortgages on primary residences if the borrower has entered Chapter 13 ...
Acting quickly within your grace period can help you avoid missed opportunities. Here's happens when a CD matures — and your 3 main options.