In 2006 Equity Office itself paid a blended average of 6.5% on its (mostly) unsecured debt.
The bankruptcy filing, two days before that deadline, listed the Mancillas' judgment as NHF's largest unsecured debt.
But it's still unclear whether it can impose losses on unsecured debt, such as bonds and subordinated debt.
Leucadia was trying to collect on unsecured debt, where there is no collateral and little recourse for the lender.
FORBES: Judge Allows RICO Suit Over Debt-Collection Tactics To Proceed
After all, many of these options are replacing unsecured debt with secured debt.
FORBES: Why You Might Be Paying More Interest Than You Need to Be
Moody's Investors Service downgraded the senior unsecured debt rating of AIG as well as the ratings of several AIG subsidiaries.
For a CVA to be agreed, it must win the support of those owed at least 75% of the unsecured debt.
Like all MLP exchange-traded products on the market today, MLPG is packaged as exchange-traded notes (ETNs), which are unsecured debt obligations.
Despite the death knell sounded throughout the media, most people and most banks did not encumber themselves with mountains of unsecured debt.
There were other offers including preferred shares, unsecured debt, a special purpose vehicle in the Cayman Islands, and investments in credit default swaps.
FORBES: Goldman Sachs Lost 98% of Libya's $1.3B Sovereign Wealth Fund Investment
Since that action, Mr. Draghi noted, spreads have fallen, and at least some banks have again been able to issue new senior, unsecured debt.
Needing the support of those owed at least 75% of the unsecured debt, Pompey's proposed Company Voluntary Agreement (CVA) got 81.3% of the vote.
New senior unsecured debt issued on or before June 30, 2009 is fully protected if a bank fails or its holding company files for bankruptcy.
Despite a credit boom, which has seen a big increase in low earners' unsecured debt relative to their income, the doorstep lending market is flat.
ECONOMIST: New competition means doorstep lenders are in trouble
These are unsecured debt issues that also bend the risk-return curve.
The most significant change outlaws for-profit companies that sell debt-relief services over the telephone from charging fees before they settle or reduce credit-card or other unsecured debt.
After the markets closed Monday, Fitch Ratings downgraded AIG's long-term and short-term issuer default rating, as well as its senior unsecured debt and commercial paper program ratings.
The unsecured debt was eliminated, thus recapitalizing the bank.
"If they are able to get the Foothill deal done, it would send a tremendous signal to the market, " says Fitch analyst Philip Walker, who still rates Amerco's senior unsecured debt DD, the second lowest of Fitch's default ratings.
Under the reorganization plan, secured bank debt incurred before the bankruptcy as well as unsecured bond debt and certain general unsecured claims will be cancelled with those creditors receiving equity in the reorganized company.
The concluding statement of the European Council meeting of March 24-25, 2011, addressing the terms under which EU sovereigns may borrow from the European Stability Mechanism (ESM) confirms our previously published expectations that (i) sovereign debt restructuring is a potential pre-condition to borrowing from the ESM, and (ii) senior unsecured government debt will be subordinated to ESM loans.
FORBES: Brazil's Lula Tells Portugal To Reject IMF Bailout As Lisbon Faces Downgrade
In addition to being credit negative for Cypriot banks, the willingness to impose losses on bank depositors signals that burden-sharing for senior unsecured bank debt, and potentially deposits, is a viable and realistic policy option for governments in the euro area and perhaps elsewhere in Europe to limit the financial and political costs of bank bailouts.
If being free of expensive and unsecured credit card debt will help you live your dreams, then start taking names and making commitments.
As a result, the unsecured creditors of American Airlines instead of getting debt or a combination of debt and stock in the merged airlines, will receive preferred stock.
FORBES: A Strange Tale: How Muni Bonds Will Become Shares Of The Largest Airline
European policy makers are considering a host of proposals to eliminate implicit government guarantees, including a new resolution regime, turning some liabilities into bail-in debt that will automatically take losses, depositor-preference regimes that would subordinate unsecured bondholders, and U.K.-style plans to ring-fence certain activities.
All of the other ELA debt was contracted under the Facility Deed which according to the Anglo Irish Bank Annual Report 2010 is an unsecured loan facility guaranteed by the Minister for Finance who separately benefits from a counter indemnity from the Bank should the guarantee be called upon.
应用推荐