The blanket agreement is for an estimated two (2) year usage beginning November 15, 2015 and ending November 15, 2017
375 percent per year, payable semi-annually, and are callable beginning November 15, 2017
Similar to the amendment announced last week by another KCS subsidiary, The Kansas City Southern Railway Company ("KCSR"), the KCSM amendment achieves the following: (a) Eliminates or modifies a number of restrictive covenants in KCSM's facilities in order to achieve consistency between KCSM and firms with investment grade credit ratings; (b) Incorporates a "fall-away collateral" provision whereby KCSM's facilities, which are currently secured, convert to unsecured obligations when investment grade credit ratings are assigned by at least two of the three primary rating agencies (currently, KCSM has one such rating, from Fitch); and (c) Extends the maturity of the revolving credit facility from September 30, 2016, to November 15, 2017
Mario Hernandez both Executive Vice Presidents and directors of the Company, which were issued to them on November 15, 2012 and which were due to mature on November 15, 2017
into 5,228,076 common shares at a conversion price $0.
In addition to the amendment, KCSR extended the maturities of its revolving credit facility from July 15, 2016, to November 15, 2017
, and its term loans from January 15, 2017, to May 15, 2018.
55per share, exercisable on or before November 15, 2017
The notes will mature on November 15, 2042 and may be redeemed in whole or in part at any time or from time to time at the Company's option on or after November 15, 2017
The 2017 notes will mature on November 15, 2017
and the 2022 notes will mature on November 15, 2022.
Except in certain limited circumstances, the Preferred Stock is not redeemable prior to November 15, 2017
797% in the case of the Euro Notes due November 15, 2017
, ISIN Numbers XS0702071928, XS0702072140 (the "New Euro Notes"); and
AIG is offering to exchange new Dollar Notes due November 15, 2037 (the "New Dollar Notes") for its outstanding Series A-1 and Series A-6 Junior Subordinated Debentures, new Euro Notes due November 15, 2017
(the "New Euro Notes") for its outstanding Series A-3 Junior Subordinated Debentures and new Sterling Notes due November 15, 2017
(the "New Sterling Notes") for its outstanding Series A-2 and Series A-8 Junior Subordinated Debentures.
350% Debentures due November 15, 2017
pursuant to the Maximum Tender Offer.