Obbligazioni in dollari Keep Calm And Invest Preferred Shares Usa

  • Creatore Discussione Creatore Discussione Topgun1976
  • Data di Inizio Data di Inizio
CBL & Associates (NYSE:CBL) reaches a forbearance agreement with holders representing more than 50% of its operating partnerships 5.95% senior unsecured notes due 2026 until July 22.
Also extends forbearance agreement on 5.25% senior unsecured notes due 2023 and on its bank credit agreement to July 22.
Continues to negotiate with its debt holders.
If any of the 2023 notes, 2026 notes, or credit agreement were accelerated, it would trigger a default event under the operating partnership's 4.60% senior unsecured notes due 2024, which could lead to the acceleration of all amounts due under those notes.
CBL has skipped a $18.6M interest payment due June 15 on the 2026 notes and an $11.8M interest payment on the 2023 notes. (SA)

CBL & Associates Properties Inc., the owner of more than 100 shopping malls across the U.S., is preparing to file for bankruptcy, according to people with knowledge of the plans.
The company has been negotiating with its lenders in an effort to enter Chapter 11 with a consensual restructuring agreement in place, said the people, who asked not to be identified discussing confidential matters. The plans aren’t final, and elements could change, the people said. CBL declined to comment.
CBL, which operates mostly so-called Class B malls, has been hurt in part by struggles of retailers including Dick’s Sporting Goods Inc. and Ascena Retail Group Inc., among the landlord’s top tenants based on revenue at the end of 2019. CBL’s own financial distress shows the impact of retail-sector failures, which have come fast and furious in recent years.
Shares of CBL plunged 11% after Bloomberg reported the bankruptcy preparations, and dropped an additional 18% as of 4:40 p.m. in late New York trading.
The mall owner said in June that the loss of income from stores withholding rent during the Covid-19 pandemic had forced it to skip an interest payment due on some of its more than $3 billion debt. It has a forbearance agreement with debt-holders that was extended until July 22, according to a regulatory filing this week. (BBG)
 
Dopo un bottom intorno a 4 sono già risalite intorno a 6.5, almeno le due che seguo... Non male per chi è riuscito a prenderle... Anche se non ho trovato notizie. E' vero che con quotazioni molto basse capitano questi saliscendi repentini
Interessante offerta per le azioni privilegiate di Ashford Hospitality, il piano deve essere approvato da i 2/3 dei possessori del titoli, per l’offerta cash gli importi sono limitati, se dovesse essere respinta probabile una nuova proposta di ricapitalizzazione, in ogni caso buone notizie per le PFD

 
Interessante offerta per le azioni privilegiate di Ashford Hospitality, il piano deve essere approvato da i 2/3 dei possessori del titoli, per l’offerta cash gli importi sono limitati, se dovesse essere respinta probabile una nuova proposta di ricapitalizzazione, in ogni caso buone notizie per le PFD


Mauro, ma dici "buone notizie" perché è scontato il buon esito di questa ipotetica ricapitalizzazione?
 
Mauro, ma dici "buone notizie" perché è scontato il buon esito di questa ipotetica ricapitalizzazione?
Ciao Maurizio, sembra che un fondo si sia avvicinato alla società proponendo una divisione inversa delle azioni ordinarie, emissione di nuove azioni per acquistare a sconto le azioni privilegiate. Sarà interessante vedere fino a che punto le azioni ordinarie verranno vendute oggi.Nel pre mercato azioni ordinarie AHT da -14,6% a $ 5,18 / azione; AHTpD + 33,8% $ 8,82 / share
 
ma... a proposito di ashford.. dividendo skippato? io ho la serie I e serie H in pagamento il 15 luglio... ancora nisba su binck

EDIT: mi rispondo da solo :(

The Board will suspend payment and not declare a dividend for its Series D Cumulative Preferred Stock, Series F Cumulative Preferred Stock, Series G Cumulative Preferred Stock, Series H Cumulative Preferred Stock or Series I Cumulative Preferred Stock for the second quarter ending June 30, 2020

 

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