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...In 2021, one of the South Korean company’s investors, Daishin Securities, provided a £16mn mezzanine loan to pay down a chunk of Bank of Ireland’s loan after Hana breached one of its covenants....
...That fuelled anxiety about the prospect of companies breaching lending covenants or going bankrupt, as happened to aggregator Benitago in August....
...Zhimin Qian dreamt that the Dalai Lama would anoint her a reincarnated goddess and that she go on to become the Queen of Liberland, an unrecognised micronation on the Danube, where she would build the biggest...
...To be clear: the likelihood of default typically does not include the quality of the underlying covenant package, and where it does, it is only in respect of financial policies and governance....
...The deal would need to be structured to avoid triggering change-of-control covenants on $17bn of Altice’s bonds, as Covenant Review points out in a separate note....
...The second assumption is that the covenant allows the bondholder to put the issue back at par any time there is a change of control....
...“I’m a goddess on stage, human when we’re alone,” sings Laufey in “Goddess”, her latest single and her final song at the Roundhouse....
...Preliterate, matriarchal societies were informed by holistic, right-brained modes of awareness that venerated the Goddess and feminine values and images....
...of the Reports covenant....
...“Unrestricted”, in this case, means they are not subject to the restrictions of the covenant package....
...They used a machine learning technique known as Artemis, named for the Greek hunting goddess, to analyse junk DNA found in tumours or floating in the bloodstream after being shed from cancerous growths....
...First, a couple of the problems: 1) Sometimes these covenants only cover transfers of intellectual property....
...She summons the goddess of wisdom, victory and the arts in “Self-portrait with Bust of Minerva”....
...(CFR) — This is the end (Reformed Broker) — Extracting Training Data from ChatGPT (GitHub) — The new quest to control evolution (Quanta) — Paris Hilton is in her domestic goddess era (Eater) — The...
...To protect bondholders, the WBS has a series of covenants that lock up cash and impose other restrictions if certain metrics begin to deteriorate....
...During the 12-minute film in which the bull-twirling goddess appears, a haphazard narrative emerges out of images — many of them animated drawings which boast a frail, enchanting quirkiness — that include...
...The risk of breaching debt covenants remains the biggest threat to shareholders. TAG appears safer than some....
...Leiv Synnes, SBB’s chief executive, told the Financial Times that the allegations of a covenant breach were “not a new issue” and the company’s position “remains the same”....
...Having liquidity and a semi-active secondary market would by definition remove some of the privacy from private credit, as both CreditSights and Covenant Review have pointed out in recent notes....
...To add to its misery, US hedge fund bondholder Fir Tree has initiated legal proceedings to push the company into default over allegations that it has breached its debt covenants....
...Looking at the first chart above, which plots the percentage of new bond issues with poison put covenants from 1990 to 2021, it’s easy to project a mental model of IG bondholders pushing for the kind of...
...With a promising M&A pipeline in prospect, and a lowly covenant leverage of 0.4 times Ebitda, we should expect further deals over the medium term....
...Hipgnosis Songs Fund has axed its dividend because the payment would have jeopardised the group’s ability to comply with debt covenants, sending shares in the music rights owner down by 10 per cent....
...company, generated from the lowest-risk tenant covenant in the sector, with 90 per cent of rental income backed by the UK or Irish governments”....
...In the Netherlands the excellent catalogue of Nijssen Bulbs offers one named after Eos, the saffron-robed goddess of the dawn. At €13 per 100, it is a bargain of a fine yellow ixia....
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