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The two owners would open this tranche of senior debt to other investors for equity warrants.
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Because these loans arent securedindeed, get repaid only after secured creditors are satisfiedthe lender is going to demand several points over prime plus equity or warrants.
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Equity securities such as warrants, preferred stock, common stock and other equity interests, will principally be made in conjunction with debt investments.
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In that deal, the trade group got an upfront equity stake and warrants to be earned as its dealers traded on the exchange.
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These both obviously benefited from the run-up in equity value from the warrants in those deals.
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Whenever possible, she took warrants or equity to build a record of investment.
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Sure there are some stresses in some banks, but nothing so serious that warrants investors to sell bank equity.
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In exchanged for the bailout, the government received, among other things, warrants for a 79.9% equity stake in the company.
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Goldman Sachs Group amended their agreement on warrants held by the former, which will give the billionaire a larger equity stake in the bank come October.
FORBES: Move up http://i.forbesimg.com t Move down
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Tuesday morning, Warren Buffett and Goldman Sachs amended their agreement on warrants held by the former, which will give the billionaire a larger equity stake in the bank come October.
FORBES: Move up http://i.forbesimg.com t Move down