Obbligazioni societarie HIGH YIELD e oltre, verso frontiere inesplorate - Vol. 2
- Creatore Discussione gionmorg
- Data di Inizio
Fabrib
Forumer storico
The biggest U.S. airlines reached an agreement in principle with the federal government on financial assistance aimed at preventing layoffs in an industry hit hard by the coronavirus pandemic, people familiar with the matter said.
The $2.2 trillion economic relief package passed last month included $25 billion in direct aid to allow passenger airlines to continue paying salaries and benefits to employees in the coming months. Treasury officials are expected to announce an agreement on the terms of the federal aid on Tuesday afternoon.
Airline executives spent this past weekend in discussions with federal officials. On Friday Treasury Secretary Steven Mnuchin told carriers that 30% of the assistance would need to be repaid, and that airlines would have to offer stock warrants on a portion of those funds.
Airline industry officials had believed the money would come as grants that wouldn’t need to be paid back. The government hadn’t been willing to significantly alter those terms, officials and others familiar with the talks have said. It wasn’t clear whether those terms changed in the agreement reached on Tuesday, according to people briefed on those discussions. MW
The $2.2 trillion economic relief package passed last month included $25 billion in direct aid to allow passenger airlines to continue paying salaries and benefits to employees in the coming months. Treasury officials are expected to announce an agreement on the terms of the federal aid on Tuesday afternoon.
Airline executives spent this past weekend in discussions with federal officials. On Friday Treasury Secretary Steven Mnuchin told carriers that 30% of the assistance would need to be repaid, and that airlines would have to offer stock warrants on a portion of those funds.
Airline industry officials had believed the money would come as grants that wouldn’t need to be paid back. The government hadn’t been willing to significantly alter those terms, officials and others familiar with the talks have said. It wasn’t clear whether those terms changed in the agreement reached on Tuesday, according to people briefed on those discussions. MW
Fabrib
Forumer storico
Frontier Communications (NASDAQ:FTR) has filed for Chapter 11 bankruptcy.
The company announced a restructuring support agreement with creditors (representing more than 75% of $11B in outstanding unsecured bonds) where it secures commitments for $460M in debtor-in-possession financing.
That, combined with cash on hand, provides more than $1.1B in liquidity.
The news comes ahead of debt payments due tomorrow.
The plan is intended to reduce debt by more than $10B.
Frontier expects to continue providing service to customers without interruption. Trade vendors will be unimpaired for both pre- and post-petition obligations.
SA
The company announced a restructuring support agreement with creditors (representing more than 75% of $11B in outstanding unsecured bonds) where it secures commitments for $460M in debtor-in-possession financing.
That, combined with cash on hand, provides more than $1.1B in liquidity.
The news comes ahead of debt payments due tomorrow.
The plan is intended to reduce debt by more than $10B.
Frontier expects to continue providing service to customers without interruption. Trade vendors will be unimpaired for both pre- and post-petition obligations.
SA
laplaz
Forumer attivo
Non ho capito questo a cosa si riferisca:
In conjunction with the proposed financial restructuring, Frontier received commitments for $460 million in debtor-in-possession (“DIP”) financing
Che è?
laplaz
Forumer attivo
Faccio un po' i conti della serva su Frontier.
In obbligazioni dovrebbero aver fuori 17,5B https://investor.frontier.com/Cache...1e074-f8c4-c7ca-7fa2-a759bd9e0099&iid=4057107 , di cui però 5,7 secured
L'accordo con i bondholders è per circa 11B.
Azionisti ovviamente verranno azzerati.
Cassa ne hanno ancora per 1B circa.
In teoria dovrebbe rimanere sostanza per un buon accordo con i creditori, in una nuova società con debito quasi azzerato.
Vediamo cosa proporranno ufficialmente.
In obbligazioni dovrebbero aver fuori 17,5B https://investor.frontier.com/Cache...1e074-f8c4-c7ca-7fa2-a759bd9e0099&iid=4057107 , di cui però 5,7 secured
L'accordo con i bondholders è per circa 11B.
Azionisti ovviamente verranno azzerati.
Cassa ne hanno ancora per 1B circa.
In teoria dovrebbe rimanere sostanza per un buon accordo con i creditori, in una nuova società con debito quasi azzerato.
Vediamo cosa proporranno ufficialmente.
cosa vuoi che diano?
Solo equity
iguanito
Forumer storico
Qual'è l'isin nik?
