In conjunction with the Offers, the Company is soliciting (with respect to Notes issued under each Indenture
(as defined below), a "Consent Solicitation," and collectively, the "Consent Solicitations"), consents (the "Consents") with respect to proposed amendments (the "Proposed Amendments") to the indentures
") pursuant to which the Notes were issued and to the Notes themselves.
Kansas City Southern ("KCS") (NYSE:KSU) today announced that its wholly owned subsidiary, The Kansas City Southern Railway Company ("KCSR"), has received the requisite number of consents necessary to amend the KCSR indentures
time, Friday, February 9, 2007.
s (Motorola) market capitalization over the past few months to below $50 billion, Fitch Ratings has examined LBO risk for Motorola by assessing the level of bondholder protection provided by bond indentures
, specifically change of control provisions and limitations on secured debt.
US Bank states in the letters that it is the successor trustee under the indentures
for each of the foregoing Senior and Senior Subordinated Notes.
If Impsat receives the required consents prior to the expiration of the consent solicitation, the consent solicitation will close, and Impsat will execute a supplemental indenture
to each of the indentures
for the Notes with the trustee, which will give effect to the proposed amendments.
The filing of the Quarterly Report cures the alleged default under the indentures
governing each of the Company's outstanding series of notes.
13% Notes"), 9-7/8% Senior Subordinated Notes due 2008 issued by PAHC ("9-7/8% Notes") and 15% Senior Secured Notes due 2010 issued by Holdings ("15% Notes") (collectively, the "Existing Notes"), as well as related solicitations of consents to amend the indentures
governing the Existing Notes, PAHC and Holdings have been advised that, as of 5:00 p.
00% Convertible Senior Notes due March 30, 2015 (the "2015 Notes" and, together with the 2008 Notes, the "Notes") to an amendment and waiver of certain reporting requirements in the indentures
are described in the Consent Solicitation Statement, dated July 10, 2006 (the "Consent Solicitation Statement"), a copy of which is attached as an exhibit to a Current Report on Form 8-K filed by the Company with the Securities and Exchange Commission (the "SEC") today.
the "Operating Partnership"), a majority-owned subsidiary of Vornado Realty Trust (NYSE: VNO), announced today that on May 9, 2006 the Operating Partnership and The Bank of New York, as trustee, executed supplemental indentures
with respect to the Operating Partnership's 5.
REIT bond indentures
contain language that prevents REIT Operating Partnerships (the bond issuing subsidiaries of most investment grade rated REITs) from being swallowed up by acquirers unless all of the bond obligations are specifically assumed by the new owner.
The Amendment would conform the Indentures
relating to the Notes with the indenture
relating to the Company's 7 1/4% Senior Notes due October 1, 2012 and Senior Floating Rate Notes due October 1, 2010, by amending the definition of Permitted Liens and adding a definition of Purchase Money Indebtedness.
This announcement is also not a solicitation of consents to the proposed amendments to the respective indentures
CHICAGO -- Bally Total Fitness Holding Corporation (NYSE: BFT) announced today that it has extended the consent period relating to waivers of financial reporting covenant defaults under its public bond indentures
to 5:00 p.
CHICAGO -- Bally Total Fitness Holding Corporation (NYSE: BFT) announced today that it has received consent from the lenders under its $275 million secured credit agreement to extend to August 31, 2005 the cross default deadline relating to Bally's financial reporting covenant defaults under its public bond indentures
The amendments to the indenture
include: (a) eliminating the covenant to provide financial information with respect to the Original Notes; (b) providing that certain of the restrictive covenants relating to the Original Notes will terminate upon the earlier of (i) the consummation of the proposed merger between a subsidiary of Sprint Corporation ("Sprint") and Nextel or (ii) the Original Notes achieving a rating of investment grade; and (c) amending the provision relating to supplemental indentures
to allow Nextel to amend the indenture
and any notes issued thereunder without the consent of holders to provide additional rights or benefits to the holders or to effect other changes that do not adversely affect the legal rights of any holder under the indenture