Ford Motor said that after the recapitalization, it would also spin off its wholly owned auto parts subsidiary, the Visteon Corporation, by distributing all of the shares to holders of common and Class B stock.
After the recapitalization, the company's net debt (total debt minus cash) exceeded equity by 73%, compared with 164% at the end of 1998.Pluciennik also cut the amount of dollar-denominated debt to the same level as that denominated in reals and lengthened the maturity of both.
After a recapitalization deal closes on Friday, the Treasury will own 92.1percentt of AIG.
After a $650 million recapitalization and renovation of what was the bankrupt Aladdin, Mr. Earl, flanked by Mr. Willis, replaced the old name with a Planet Hollywood sign this spring.
Bell says that PubSub's investors, who took over the company after a controversial recapitalization which left some of the minority stockholders steaming, have sold most of the assets to his startup, along with $1 million in fresh capital.
"After the April 2002 recapitalization, KB Toys had $110 million of working capital, as well as liquidity that was far in excess of what was needed to operate the business," says Bain. KB has closed nearly half its 1,300 stores and laid off 3,400, one-third of its work force.
The Treasury Department owns about 92.1 percent of the insurer after finishing a complex recapitalization plan on Friday that paid off A.I.G.'s debts to the Federal Reserve Bank of New York.
Indonesia issued at least 600 trillion rupiah ($64 billion) of recapitalization bonds after the financial crisis of 1997 to shore up bank balance sheets and stimulate lending.
Officials spoke Monday as Portugal cut its growth forecast and announced its own bank recapitalization plan after the International Monetary Fund voiced its approval for the country's financial restructuring.
The decision not to investigate the recapitalization comes shortly after the commission decided to investigate a public sector loan of 19.5 million euros to Olympic Airways of Greece.
