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Ontario Teachers' converts its convertible note to become controlling shareholder of the Maple Leafs.
Not surprisingly, most of my convertible note holders eventually converted their notes into stock.
A convertible note is short-term debt that converts into equity.
Convertible note holders led by John Paulson's hedge fund will also convert $1.9 billion in notes into shares.
Pride will pay $63.8 million in cash and a convertible note valued at $21.2 million for the rig.
Lisa Donahue testified that the Debtor classified the 2.9% Convertible Note Claims separately from the 10% Senior Noteholders because of the subordination provisions contained in the 2.9% Convertible Senior Subordinated Notes (the "2.9% Convertible Notes").
A convertible note?
It's a convertible note with a cap, Korte tells me.
(These investments usually take the form of a convertible note).
If they do a convertible note they do.
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Shionogi's total bill comes to $1.42 billion including $325 million to redeem senior convertible notes.
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