Zorba
Bos 4 Mod
...in particolare :
Under the Company's exchange offers, which expire at 11:59 PM, New York City Time, on March 22, 2013:
- Holders of the outstanding 3% Convertible Senior Notes Due 2013 issued by CEDC will receive in exchange for each $1,000 principal amount of their notes 8.86 new shares of CEDC common stock.
- Holders of the outstanding 9.125% Senior Secured Notes due 2016 issued by CEDC Finance Corporation International, Inc. will receive in exchange for each $1,000 principal amount of their notes 16.52 new shares of CEDC common stock and $508.21 principal amount of 6.5% Senior Secured Notes due 2020.
- Holders of the outstanding 8.875% Senior Secured Notes due 2016 issued by CEDC Finance Corporation International, Inc. will receive in exchange for each €1,000 principal amount of their notes 22.18 new shares of CEDC common stock and $682.37 principal amount of 6.5% Senior Secured Notes due 2020.
Ristrutturano il debito con segata al nominale (riducendolo a 58), prolungamento del debito e segatina al tasso. I bondholders ricevono un nuovo bond con nominale 58 e compendio in azioni.
Morale della favola, il vecchio bond continua a quotare in area 60. Se il piano è sostenibile ed il managment credibile, alla fine le ristrutturazioni non sono così dannose.
Il mio pensiero va all'epopea di Seat.