In practice, Greece is executing a bond restructuring that will see bondholders take an approximately 70% haircut on the net present value of their bonds while the average maturity will be significantly extended, reducing shorter-term funding requirements.
Thomas Middelhoff, chief executive of Arcandor, another retailer, executed a private-equityish restructuring two years ago, loading the firm with debt then flogging assets to pay it off.
General Motors said it did not get enough bondholder support to execute a debt-for-equity swap, which may be the final straw for the automaker with a June 1 restructuring deadline imposed by the Obama administration looming.
General Motors said it did not get enough bondholder support to execute a debt-for-equity swap, which may be the final straw for the automaker with a looming June 1 restructuring deadline imposed by the Obama administration.
They will execute a "counterterrorism campaign".
Execute a front circle punch.
With your free leg, execute a shuffle.
The warrant had been announced in October to encourage investors to hold the stock while the Treasury executed a series of restructuring transactions.
In the 2000s Credit Suisse executed a series of restructures.
"When we do a restructuring, we advise our clients and then execute on it," said Michael McMahon, the head of Houlihan's financial institutions group.
Prepare and execute an operating agreement.
