-
Baldt pushes his 20 analysts to focus on the minutiae: What's in the bond indenture to secure repayment, under what circumstances can they be called in early, and does the market misunderstand them?
FORBES: Yield Booster
-
Relying on the bond trustee to decide when to declare a default is a hit or miss exercise since the trustee is under the direction of the current bondholders and the bond indenture, both of who may limit his actions in this regard.
FORBES: Even If A Bond Doesn't Default, You Can Still Lose Your Money
-
That is, a written clause in the bond indenture that says, if a control change occurs (i.e. merger, acquisition or LBO) then bondholders have the right to put their bonds back to the company at a predetermined price when a sale of substantially all the assets occurs.
FORBES: Bondholders Beware: More M&A Activity Is On The Way
-
The Company received a letter from the Brown Rudnick law firm which said that the retailer had breached a covenant of a bond indenture agreement by granting a lien on its inventory, according to the complaint.
FORBES: J.C.Penney's Bad Vibes Lead To A Death Watch