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Latest Subordination Stories

2011-08-19 08:09:00

YORK, Pa., Aug. 19, 2011 /PRNewswire/ -- Graham Packaging Company Inc. (NYSE: GRM) ("Graham") announced today that its wholly-owned subsidiaries Graham Packaging Company, L.P. and GPC Capital Corp. I (collectively, the "Issuers"), do not currently intend to further extend the Expiration Time (as defined in the Statement referred to below) of the previously announced tender offer for any and all of their 9.875% Senior Subordinated Notes due 2014 (the "Subordinated Notes") set forth in the...

2010-03-22 16:03:00

BENSALEM, Pa., March 22 /PRNewswire-FirstCall/ -- Orleans Homebuilders, Inc. (Pink Sheets: OHBIQ) ("Orleans" or the "Company") announced today that its Board of Directors approved the retention of PMCM, LLC, an affiliate of Phoenix Management Services, Inc. ("Phoenix Management") on March 16, 2010, but retroactive to March 4, 2010, to act as the Company's restructuring financial advisor as the Company seeks a restructuring plan that focuses on maximizing enterprise value for all...

2010-02-02 07:00:00

NOVI, Mich., Feb. 2 /PRNewswire/ -- Cooper-Standard Holdings Inc., the parent company of Cooper-Standard Automotive Inc., announced today that it has entered into an Equity Commitment Agreement with certain holders of the Company's 7% Senior Notes due 2012 and 8 3/8% Senior Subordinated Notes due 2014, providing for a commitment to backstop a $245 million equity Rights Offering that will be made to eligible holders of the Senior Notes and Senior Subordinated Notes. The Rights Offering...

2009-09-25 18:02:00

AUGUSTA, Ga., Sept. 25 /PRNewswire/ -- Morris Publishing Group, LLC announced today that it has agreed to the terms of a restructuring agreement with the holders of over seventy-five percent of its outstanding senior subordinated notes. If the restructuring is approved, the holders of the $278.5 million in outstanding notes would exchange their existing notes for $100 million of new second lien secured notes. At that time, affiliates of Morris Publishing would make capital contributions and...


Word of the Day
mundungus
  • A stinking tobacco.
  • Offal; waste animal product; organic matter unfit for consumption.
This word comes from the Spanish 'mondongo,' tripe, entrails.