fabriziof
Forumer storico
Io di finanza ne capisco niente ,siccome tu hai sempre seguito l'emittente pensavo ne sapessi più di me ,io l'ho avuta per un po' poi ho venduto in guadagno e me ne sono disinteressato.
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Obbligazioni societarie HIGH YIELD e oltre, verso frontiere inesplorate - Vol. 1
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Io di finanza ne capisco niente ,siccome tu hai sempre seguito l'emittente pensavo ne sapessi più di me ,io l'ho avuta per un po' poi ho venduto in guadagno e me ne sono disinteressato.
fabriziof
Forumer storico
Che io sappia no
zoro-aster
Forumer storico
Ekotechnika GmbH: OLG Karlsruhe ouvre la voie à la mise en œuvre des swaps dette-capitaux propres
OLG doit libérer décision et défis juridiques classe comme un abus de droit
Résolutions de la réunion des porteurs d'obligations du 6 mai 2015 la situation sera complété
Dette-equity swap est rapidement mis en oeuvre
Walldorf, le 1er Octobre ici à 2015 - Le tribunal régional supérieur de Karlsruhe trouvé le 30 Septembre ici à 2015 sa décision de libération que les trois défis juridiques qui sont en instance contre les décisions de l'assemblée des porteurs d'obligations du 6 mai 2015 ne font pas obstacle à une application de ces décisions. Ainsi, le barème adopté par le swap Obligataires dette-capitaux propres, à savoir la conversion d'obligations en actions à la Ekotechnika être achevé.
La justification de la décision de libération a été très clair:
Tout d'abord, les trois plaignants ont pas prouvé avoir été des détenteurs d'obligations de Bond Ekotechnika avant même l'annonce de l'ordre du jour. L'exigence du préjugé de la dette est destinée à empêcher les demandeurs potentiels à attendre l'annonce de l'ordre du jour et d'acquérir que de manière sélective vu le jour annoté de déposer une objection et plainte contre les créanciers décisions attendues et donc être en mesure de construire une valeur de nuisance, qu'ils peuvent ensuite acheter ,
Deuxièmement, les défis juridiques ont été soulevées par la Cour d'appel considère comme un abus de droit. Les demandeurs avaient acheté seulement un petit nombre d'obligations et de celles sur les cours bien en dessous de la valeur nominale. L'engagement pris par l'engagement économique des candidats est donc faible. La position contre un effort disproportionné, qui a été associée à l'introduction de ces actions. Cette disproportion permettre la conclusion que les contestations judiciaires ont été portées uniquement avec l'objectif de créer une nuisance et ainsi la chance de - d'ouvrir lucrative conclusion rapport - le point de vue des plaignants.
La décision de libération a pour effet que les défis juridiques légalement attente excluent pas une mise en œuvre des résolutions de la réunion des porteurs d'obligations. Les décisions prises le 6 mai 2015 décisions devraient donc être effectuées rapidement.
Deuxième retirée en cas d'insolvabilité
En outre, le Conseil SE EMB a informé la société aujourd'hui qu'elle a retiré la pétition de faillite en cours contre l'Ekotechnika GmbH. Déjà le 11 Septembre, 2015, le Ekotechnika GmbH avait annoncé une première demande d'ouverture d'une procédure d'insolvabilité par le Kollosal Salz GmbH a été rejeté il.
OLG doit libérer décision et défis juridiques classe comme un abus de droit
Résolutions de la réunion des porteurs d'obligations du 6 mai 2015 la situation sera complété
Dette-equity swap est rapidement mis en oeuvre
Walldorf, le 1er Octobre ici à 2015 - Le tribunal régional supérieur de Karlsruhe trouvé le 30 Septembre ici à 2015 sa décision de libération que les trois défis juridiques qui sont en instance contre les décisions de l'assemblée des porteurs d'obligations du 6 mai 2015 ne font pas obstacle à une application de ces décisions. Ainsi, le barème adopté par le swap Obligataires dette-capitaux propres, à savoir la conversion d'obligations en actions à la Ekotechnika être achevé.
La justification de la décision de libération a été très clair:
Tout d'abord, les trois plaignants ont pas prouvé avoir été des détenteurs d'obligations de Bond Ekotechnika avant même l'annonce de l'ordre du jour. L'exigence du préjugé de la dette est destinée à empêcher les demandeurs potentiels à attendre l'annonce de l'ordre du jour et d'acquérir que de manière sélective vu le jour annoté de déposer une objection et plainte contre les créanciers décisions attendues et donc être en mesure de construire une valeur de nuisance, qu'ils peuvent ensuite acheter ,
Deuxièmement, les défis juridiques ont été soulevées par la Cour d'appel considère comme un abus de droit. Les demandeurs avaient acheté seulement un petit nombre d'obligations et de celles sur les cours bien en dessous de la valeur nominale. L'engagement pris par l'engagement économique des candidats est donc faible. La position contre un effort disproportionné, qui a été associée à l'introduction de ces actions. Cette disproportion permettre la conclusion que les contestations judiciaires ont été portées uniquement avec l'objectif de créer une nuisance et ainsi la chance de - d'ouvrir lucrative conclusion rapport - le point de vue des plaignants.
La décision de libération a pour effet que les défis juridiques légalement attente excluent pas une mise en œuvre des résolutions de la réunion des porteurs d'obligations. Les décisions prises le 6 mai 2015 décisions devraient donc être effectuées rapidement.
Deuxième retirée en cas d'insolvabilité
En outre, le Conseil SE EMB a informé la société aujourd'hui qu'elle a retiré la pétition de faillite en cours contre l'Ekotechnika GmbH. Déjà le 11 Septembre, 2015, le Ekotechnika GmbH avait annoncé une première demande d'ouverture d'une procédure d'insolvabilité par le Kollosal Salz GmbH a été rejeté il.
capt.harlock
MENA IL CAMMELLO FAN CLUB
c' e' solo quella
Chesapeake Wins Bank Reprieve at Higher Risk to Bondholders
Chesapeake Energy Corp. negotiated a reprieve from its banks that comes at the expense of its bondholders.
By Sridhar Natarajan - 01 ott 2015, 14:55:41
Chesapeake Energy Corp. negotiated a reprieve from its banks that comes at the expense of its bondholders.
Under a new financing agreement the embattled oil and gas producer’s unsecured $4 billion revolver will be converted into a secured credit line, according to a company statement. Chesapeake also will be able to raise as much as $2 billion in junior-lien debt, pushing its unsecured creditors further down the pecking order in extracting recoveries during a default.
The announcement sparked a selloff in the company’s bonds, erasing as much as $285 million in market value.
The “junior lien provision provides a liquidity lifeline –- despite further priming for unsecured holders,” Goldman Sachs Group Inc. analyst Jason Gilbert wrote in a report Thursday. The company would still need to “monetize” more than $2 billion of assets to “address upcoming maturities and (maintain) an adequate liquidity cushion,” he said.
Prior to the move, Oklahoma City-based Chesapeake had faced the risk of violating the terms of its untapped revolver as it burned through cash at a pace that unnerved investors. The company will lose a net $5.5 billion this year, the biggest annual loss since 2009, according to the mean estimate of 11 analysts compiled by Bloomberg.
Earlier this week, the company eliminated 740 jobs and let go of about one in six of its employees, as part of Chief Executive Officer Doug Lawler’s plan to combat the weak energy market by reducing headcount, selling assets, spinning off business lines and halting a 14-year run of dividend payouts to stock investors.
Chesapeake Energy's EBITDA has tanked since 2014.
Chesapeake spokesman Gordon Pennoyer declined to comment.
The company’s $1.3 billion of 6.625 percent unsecured notes due in August 2020 dropped 4.7 cents to 69 cents on the dollar at 12:22 p.m. in New York, according to Trace, the bond-price reporting system of the Financial Industry Regulatory Authority.
Chesapeake has been hamstrung as a North American energy glut pushed prices below $2.50 per million British thermal units this year, down more than 40 percent from its 2014 average of $4.26. Its shift toward crude oil production also has suffered from a more than 50 percent plunge in value from its 2014 peak.
In exchange for securing the credit line, the company was able to convince its lenders to drop a prohibitive covenant that required its net debt to remain under four times a measure of its earnings. The condition was changed to allow a secured debt leverage ratio of 3.5 times through 2017 and three times after that, Chesapeake said.
The company’s earnings before interest, taxes, debt and amortization is set to fall to $502 million in the third quarter, from as much as $1.3 billion a year ago, according to the mean estimate of 14 analysts.
Chesapeake Energy Corp. negotiated a reprieve from its banks that comes at the expense of its bondholders.
By Sridhar Natarajan - 01 ott 2015, 14:55:41
Chesapeake Energy Corp. negotiated a reprieve from its banks that comes at the expense of its bondholders.
Under a new financing agreement the embattled oil and gas producer’s unsecured $4 billion revolver will be converted into a secured credit line, according to a company statement. Chesapeake also will be able to raise as much as $2 billion in junior-lien debt, pushing its unsecured creditors further down the pecking order in extracting recoveries during a default.
The announcement sparked a selloff in the company’s bonds, erasing as much as $285 million in market value.
The “junior lien provision provides a liquidity lifeline –- despite further priming for unsecured holders,” Goldman Sachs Group Inc. analyst Jason Gilbert wrote in a report Thursday. The company would still need to “monetize” more than $2 billion of assets to “address upcoming maturities and (maintain) an adequate liquidity cushion,” he said.
Prior to the move, Oklahoma City-based Chesapeake had faced the risk of violating the terms of its untapped revolver as it burned through cash at a pace that unnerved investors. The company will lose a net $5.5 billion this year, the biggest annual loss since 2009, according to the mean estimate of 11 analysts compiled by Bloomberg.
Earlier this week, the company eliminated 740 jobs and let go of about one in six of its employees, as part of Chief Executive Officer Doug Lawler’s plan to combat the weak energy market by reducing headcount, selling assets, spinning off business lines and halting a 14-year run of dividend payouts to stock investors.
Chesapeake Energy's EBITDA has tanked since 2014.
Chesapeake spokesman Gordon Pennoyer declined to comment.
The company’s $1.3 billion of 6.625 percent unsecured notes due in August 2020 dropped 4.7 cents to 69 cents on the dollar at 12:22 p.m. in New York, according to Trace, the bond-price reporting system of the Financial Industry Regulatory Authority.
Chesapeake has been hamstrung as a North American energy glut pushed prices below $2.50 per million British thermal units this year, down more than 40 percent from its 2014 average of $4.26. Its shift toward crude oil production also has suffered from a more than 50 percent plunge in value from its 2014 peak.
In exchange for securing the credit line, the company was able to convince its lenders to drop a prohibitive covenant that required its net debt to remain under four times a measure of its earnings. The condition was changed to allow a secured debt leverage ratio of 3.5 times through 2017 and three times after that, Chesapeake said.
The company’s earnings before interest, taxes, debt and amortization is set to fall to $502 million in the third quarter, from as much as $1.3 billion a year ago, according to the mean estimate of 14 analysts.
captain sparrow
Forumer storico
Mag ias
AG IAS: Fair Friend Group Signs Agreement That Foresees Acquisition of MAG Group
TAIPEI, Taiwan & EISLINGEN, Germany--(BUSINESS WIRE)--June 17, 2015--
- Agreement reached that stipulates the complete takeover of MAG Group, including MAG IAS GmbH, by FFG
- Signing of documentation, including a sale and purchase agreement, planned before August 2015; Closing of transaction expected before October 2015
- Activities of Global MAG Group complement offering of FFG and provides synergies for both FFG and MAG
- Deal is the result of long-standing relationship between Jimmy Chu, Luigi Maniglio, Prof. Mo Meidar and Dr. Reiner Beutel
The international Fair Friend Group ("FFG") and the shareholders of global automotive supplier MAG Group have signed a notarized agreement (memorandum of understanding) regarding the acquisition of MAG Group, including 100 percent of the shares of MAG IAS GmbH (ISIN DE000A1H3EY2), by FFG. The agreement became effective as of June 17, 2015. Signing of the relevant documentation between FFG and the shareholders of MAG Group is planned before August, closing of the transaction is expected before October 2015. The companies intend to present their combined offering together at the important EMO trade fair in Milano in October. The parties agreed confidentiality on the details of the transaction.
Fair Friend Group is a world leading industrial holding conglomerate with over 80 companies which operate in leading industrialized and emerging countries with annual sales of approx. USD 3.3 billion in 2014. Its machine tool division reported a total of USD 1.8 billion in sales and includes over 44 production facilities mainly located in Taiwan, Germany, Italy, Japan, South Korea, China, Switzerland, and USA with a total of 28 brands.
With the acquisition of MAG, a leading machine tool manufacturer focused on the automotive industry, FFG enhances its footprint in Europe and increases its presence in the automotive segment. Through the combination with FFG, MAG Group - which has seven production facilities in Germany, Hungary, China, USA und India and reported sales of EUR 474 million in 2014 - will significantly improve its access to the growing Asian markets. Also, the companies will be able to realize material synergies in procurement, production and technology.
Jimmy Chu, Chairman and Founder of the Fair Friend Group, said: "MAG is one of the largest and most technologically advanced producers of machine tools for the worldwide automotive industry and a strong brand. It complements the activities of FFG perfectly, with both companies benefitting significantly in terms of geographical reach, customer offering and know-how. With this strategic acquisition, FFG will become one of the largest machine tool companies in the world."
Dr. Reiner Beutel, CEO of MAG IAS GmbH, said: "FFG is the ideal partner to advance the further development of MAG Group. Built in 2005 from several smaller machine tool companies, MAG has developed into a successful, worldwide leading machine tool group with a strong focus and track record in the automotive industry. Today, every third crankshaft and every fifth engine block and cylinder head in the cars and trucks segment worldwide is crafted by a MAG machine. Together with our new partner, we will be able to accelerate our company growth and broaden our global footprint, especially in the Asian markets."
The agreement is the result of a long-standing relationship between FFG Chairman Jimmy Chu, FFG Europe Chairman Luigi Maniglio, MAG owner Prof. Mo Meidar and CEO Dr. Reiner Beutel. In 2013, FFG already acquired the Industrial Equipment segment of MAG Group. The related businesses profited from the integration into FFG and developed favorably since the transfer. The current transaction was led by MAG CEO Beutel and the management. MAG is being advised by Freitag & Co.
About MAG
MAG is one of the world's largest and technologically most advanced providers of turnkey production plants and machines for the mechanical processing of engine and chassis components for the automotive industry. MAG has approx. 1,500 employees with manufacturing, sales and service locations in Germany, USA, China, India, Hungary and the UK. MAG offers machine tools, manufacturing systems, and services including turning, milling, honing, systems integration, automation & software, services, retrofit, core components, and e-learning. As full scale supplier, MAG manufacturing solutions include a comprehensive range of equipment and technologies, process capability and full turnkey systems. With an in-depth knowledge of applications and manufacturing requirements, MAG partners with its customers to continuously reduce their production costs. www.mag-ias.com
About Fair Friend Group
The Taiwan based Fair Friend Group is a world leading industrial conglomerate, generating an annual turnover of USD 3.3 billion with over 80 companies operating in the fields of Machine Tool Technology, PCB, Industrial Equipment and Green Technology. Its machine tool division reported a total of USD 1.8 billion in sales in 2014 and includes over 44 production facilities with a total of 28 brands. Founded in 1979 in Taiwan, FFG developed into the largest local machine tool manufacturer with major brands like Feeler and Leadwell. From 1989, the growth strategy included international acquisitions in the USA, Italy, Germany, Japan, South Korea, and Switzerland. The acquisitions included leading manufacturing technology companies like VDF Boehringer, Hessapp, Honsberg, Hüller Hille, Ikegai, Jobs, Modul, Pfiffner, Rambaudi, Sachman, Sigma, Witzig & Frank.
View source version on businesswire.com: MAG IAS: Fair Friend Group Signs Agreement That Foresees Acquisition of MAG Group | Business Wire
qualcuno si era accorto di questa acquisizione?
+49 69
AG IAS: Fair Friend Group Signs Agreement That Foresees Acquisition of MAG Group
TAIPEI, Taiwan & EISLINGEN, Germany--(BUSINESS WIRE)--June 17, 2015--
- Agreement reached that stipulates the complete takeover of MAG Group, including MAG IAS GmbH, by FFG
- Signing of documentation, including a sale and purchase agreement, planned before August 2015; Closing of transaction expected before October 2015
- Activities of Global MAG Group complement offering of FFG and provides synergies for both FFG and MAG
- Deal is the result of long-standing relationship between Jimmy Chu, Luigi Maniglio, Prof. Mo Meidar and Dr. Reiner Beutel
The international Fair Friend Group ("FFG") and the shareholders of global automotive supplier MAG Group have signed a notarized agreement (memorandum of understanding) regarding the acquisition of MAG Group, including 100 percent of the shares of MAG IAS GmbH (ISIN DE000A1H3EY2), by FFG. The agreement became effective as of June 17, 2015. Signing of the relevant documentation between FFG and the shareholders of MAG Group is planned before August, closing of the transaction is expected before October 2015. The companies intend to present their combined offering together at the important EMO trade fair in Milano in October. The parties agreed confidentiality on the details of the transaction.
Fair Friend Group is a world leading industrial holding conglomerate with over 80 companies which operate in leading industrialized and emerging countries with annual sales of approx. USD 3.3 billion in 2014. Its machine tool division reported a total of USD 1.8 billion in sales and includes over 44 production facilities mainly located in Taiwan, Germany, Italy, Japan, South Korea, China, Switzerland, and USA with a total of 28 brands.
With the acquisition of MAG, a leading machine tool manufacturer focused on the automotive industry, FFG enhances its footprint in Europe and increases its presence in the automotive segment. Through the combination with FFG, MAG Group - which has seven production facilities in Germany, Hungary, China, USA und India and reported sales of EUR 474 million in 2014 - will significantly improve its access to the growing Asian markets. Also, the companies will be able to realize material synergies in procurement, production and technology.
Jimmy Chu, Chairman and Founder of the Fair Friend Group, said: "MAG is one of the largest and most technologically advanced producers of machine tools for the worldwide automotive industry and a strong brand. It complements the activities of FFG perfectly, with both companies benefitting significantly in terms of geographical reach, customer offering and know-how. With this strategic acquisition, FFG will become one of the largest machine tool companies in the world."
Dr. Reiner Beutel, CEO of MAG IAS GmbH, said: "FFG is the ideal partner to advance the further development of MAG Group. Built in 2005 from several smaller machine tool companies, MAG has developed into a successful, worldwide leading machine tool group with a strong focus and track record in the automotive industry. Today, every third crankshaft and every fifth engine block and cylinder head in the cars and trucks segment worldwide is crafted by a MAG machine. Together with our new partner, we will be able to accelerate our company growth and broaden our global footprint, especially in the Asian markets."
The agreement is the result of a long-standing relationship between FFG Chairman Jimmy Chu, FFG Europe Chairman Luigi Maniglio, MAG owner Prof. Mo Meidar and CEO Dr. Reiner Beutel. In 2013, FFG already acquired the Industrial Equipment segment of MAG Group. The related businesses profited from the integration into FFG and developed favorably since the transfer. The current transaction was led by MAG CEO Beutel and the management. MAG is being advised by Freitag & Co.
About MAG
MAG is one of the world's largest and technologically most advanced providers of turnkey production plants and machines for the mechanical processing of engine and chassis components for the automotive industry. MAG has approx. 1,500 employees with manufacturing, sales and service locations in Germany, USA, China, India, Hungary and the UK. MAG offers machine tools, manufacturing systems, and services including turning, milling, honing, systems integration, automation & software, services, retrofit, core components, and e-learning. As full scale supplier, MAG manufacturing solutions include a comprehensive range of equipment and technologies, process capability and full turnkey systems. With an in-depth knowledge of applications and manufacturing requirements, MAG partners with its customers to continuously reduce their production costs. www.mag-ias.com
About Fair Friend Group
The Taiwan based Fair Friend Group is a world leading industrial conglomerate, generating an annual turnover of USD 3.3 billion with over 80 companies operating in the fields of Machine Tool Technology, PCB, Industrial Equipment and Green Technology. Its machine tool division reported a total of USD 1.8 billion in sales in 2014 and includes over 44 production facilities with a total of 28 brands. Founded in 1979 in Taiwan, FFG developed into the largest local machine tool manufacturer with major brands like Feeler and Leadwell. From 1989, the growth strategy included international acquisitions in the USA, Italy, Germany, Japan, South Korea, and Switzerland. The acquisitions included leading manufacturing technology companies like VDF Boehringer, Hessapp, Honsberg, Hüller Hille, Ikegai, Jobs, Modul, Pfiffner, Rambaudi, Sachman, Sigma, Witzig & Frank.
View source version on businesswire.com: MAG IAS: Fair Friend Group Signs Agreement That Foresees Acquisition of MAG Group | Business Wire
qualcuno si era accorto di questa acquisizione?
+49 69
BIKERBIKER
Forumer attivo
Norske 2016
Buongiorno a tutti, sto tenendo monitorato da qualche settimana il titolo in oggetto, le notizie dell'eventuale ristrutturazione sono state confermate? Secondo voi sarebbe il caso di tentare un ingresso a questo prezzo o il rischio ristrutturazione è già troppo alto? Grazie mille
Buongiorno a tutti, sto tenendo monitorato da qualche settimana il titolo in oggetto, le notizie dell'eventuale ristrutturazione sono state confermate? Secondo voi sarebbe il caso di tentare un ingresso a questo prezzo o il rischio ristrutturazione è già troppo alto? Grazie mille
captain sparrow
Forumer storico
german pellets
DE000A1TNAP7
GERMAN PELLETS IHS.13/18 prezzo 88/90
occasione di acquisto???? ho dato un'occhiata al sito aziendale. l'ultimo comunicato sull'andamento aziendale è buono. ma i bond sono calati parecchio. perfino il 2016 che scade fra 6 mesi. cosa c'è sotto?
DE000A1TNAP7
GERMAN PELLETS IHS.13/18 prezzo 88/90
occasione di acquisto???? ho dato un'occhiata al sito aziendale. l'ultimo comunicato sull'andamento aziendale è buono. ma i bond sono calati parecchio. perfino il 2016 che scade fra 6 mesi. cosa c'è sotto?
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Obbligazioni societarie
HIGH YIELD e oltre, verso frontiere inesplorate, vol.3
