Since the restructured
rental is likely to be set well below the market rate, it will remain below that rate unless the market collapses.
Nearly one quarter of all commercial real estate loans made in the late 1980s were restructured
or foreclosed, according to Coopers & Lybrand.
5% of the common stock of the restructured
Company subject to certain dilution provisions, although such amount is subject to change.
Representing issuers, bondholders, creditors, as well as buyers and sellers of assets, the firm has restructured
nearly $100 billion in liabilities since 1998, including successfully completing exchange offers with an average exchange offer acceptance ratio of 99.
The company restructured
a small portion of its defaulted debt on June 2, 2003 by repurchasing notes with cash at a 45% discount.
As a result, the company will commence making payments on such obligations on a restructured
AES will also be able to invest an amount not to exceed GBP 60MM to purchase certain classes of restructured