Obbligazioni societarie HIGH YIELD e oltre, verso frontiere inesplorate - Vol. 1

Stato
Chiusa ad ulteriori risposte.
Novità da atu del 13/11

Note




On October 24, the company announced that it had reached an agreement in principle with its
largest lender Centerbridge in relation to a financial restructuring of the company.

The agreement describes the fundamental economic framework for a comprehensive deleveraging
of the company’s balance sheet. Funds managed by Goldman Sachs Investment Partners, another
significant creditor, have also expressed its support for the company’s restructuring.

Before the financial restructuring is implemented, in order to identify whether the preliminary
agreement is the best solution for the company and its stakeholders, Lazard has been engaged to
undertake a process whereby it is inviting any offers for the group as part of an M&A sales process,
which is a follow-on to that undertaken by JPMorgan in 2012. All expressions of interest and offers
are invited.

Noteholders may also participate in the sale process. Any such sale or offer to sell will be made
only to qualified noteholders pursuant to a customary sale and diligence process. If you, as a
noteholder, would like more information on how to participate in the sale process, please contact
Lazard (see details below). The deadline to express an interest and put forward a non-binding offer
is 22nd November 2013.

This announcement is for information only and does not constitute an offer to sell or issue or the
solicitation of an offer to buy or subscribe for securities in the United States or any other
jurisdiction. This announcement is not a public offering or an offer of securities to the public in any
European Economic Area member state that has implemented directive 2003/71/EC (together with
any applicable implementing measures in any member state).

Contact:

Please direct any and all questions you may have regarding the guidelines for submitting your
Indicative Offer or any other matter related to this process to the following individuals at Lazard:

Christof Söndermann
Director

Tel: +49 69 1700 73221
[email protected]
Riccardo Villa
Vice President

Tel: +44 20 7187 2997
[email protected]



Lazard & Co., Limited, which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting
exclusively as financial adviser to, inter alia, the Company and will not be responsible to anyone other than its clients for
providing the protections afforded to clients of Lazard & Co., Limited nor for providing advice in relation to any transaction
involving the Company or any other matters referred to in this announcement. Neither Lazard & Co., Limited nor any of its
affiliates owes or accepts any duty, liability or responsibility whatsoever (whether direct or indirect, whether in contract, in
tort, under statute or otherwise) to any person who is not a client of Lazard & Co., Limited in connection with this
announcement, any statement contained herein or otherwise.
 
Ideal Standard International today shared the main points of a proposal for its European operations with employees, national and local trade unions as well as Works Council representatives. This proposal comprises a series of actions designed to enable the company to re-align its capacity and cost base with current and anticipated sales volumes implied by market conditions.
Since 2008 the overall EMEA market has decreased by 21%, within which ISI has experienced dramatic drops in key markets such as Italy, as well as the Ceramics category.
The company has an existing cost base management programme in place but believes this next step is necessary to improve efficiency and to safeguard the company’s current position and long term future prospects.
The plan outlines proposals for an immediate cost reduction programme that will target €30mn of annualized savings across every level of the business. The proposals also identify productivity and efficiency measures to ensure that the company continues to maintain its high level of customer service and product & market development capabilities.
Ideal Standard International will take all reasonable actions to ease the transition for everyone involved and will, with immediate effect, initiate and comply with all legal consultations with employees, trade unions and works councils.
Ideal Standard International remains committed to serving and growing its core markets, as well as seeking new opportunities in strategic growth markets. We will continue to develop our product offering, strengthen our customer service and build our market competitiveness, in order to position the company for growth


Il prossimo step sarà un bel haircut del bond :lol:


per il momento tiene
bid 72.50 ask 75.00

ma con questa notizia mi sa che e' meglio mollare...
 
come fai ad arrivare alla pagina mostrata dal secondo link??
vorrei provare a trovare gli stessi dati per altre aziende.. :mmmm: :mmmm:

scusa, ero in piscina
francamente ci sono arrivato direttamente, cercando "bond" e "dell" su google
da lì anch'io non capisco come muovermi, però ad esempio cercando su google "morningstar bombardier" ho trovato questa :)

BDRBF Bombardier Inc debt, bond, rates, credit - Morningstar

ps: noto volentieri che cliccando sul singolo bond ti dà il grafico del prezzo, del rendimento ecc...
non capisco però come mai non mettano gli ISIN :mmmm:
 
Ultima modifica:
scusa, ero in piscina
francamente ci sono arrivato direttamente, cercando "bond" e "dell" su google
da lì anch'io non capisco come muovermi, però ad esempio cercando su google "morningstar bombardier" ho trovato questa :)

BDRBF Bombardier Inc debt, bond, rates, credit - Morningstar

ps: noto volentieri che cliccando sul singolo bond ti dà il grafico del prezzo, del rendimento ecc...
non capisco però come mai non mettano gli ISIN :mmmm:

infatti ...quale sarebbe l'isin della 2023 6.125% in usd ?
 
Anche oggi la Nyrstar 2016 si compra più in basso... invece la 2015 sembra tenere abbastanza tranquillamente... :rolleyes:
 
Stato
Chiusa ad ulteriori risposte.

Users who are viewing this thread

Back
Alto