Your English writing platform
Discover LudwigExact(4)
However, the firm noted that it "may be redeemed without the need for further refinancing, depending on the group's operating performance and cash conservation measures until then".
The paramount goal will be to reduce the operating cost basis (ie eliminate jobs and increase productivity), and to look for opportunities to cut debt service (further refinancing, and sale of assets).
"One is a further refinancing of banks by equity injections, accompanied by a write-down in the current assets so severe that those assets can then rise in value … The other condition is sufficient demand stimulus from Japan and Germany as well as the U.K. and U.S".
In August 2012, as part of further refinancing, the Glazers sold a number of shares in Manchester United in an initial public offering (IPO) on the New York Stock Exchange NYSEE).
Similar(56)
In January 2010, with debts of £716.5 million ($1.17 billion), Manchester United further refinanced through a bond issue worth £504 million, enabling them to pay off most of the £509 million owed to international banks.
But an expansion of the federal Home Affordable Refinance Program, or HARP, which also loosens qualifications, could further spur refinancing.
While we are retaining our existing forecasts pending deal closure, we see strong visibility to potential 2016 estimated return on invested capital of 10% plus and earnings per share accretion of over 16%, with secondary contributions from a tax shield and further debt refinancing.
Although no one knows for sure, early indications suggest that the amount of the settlement will be about $25 billion, consisting of approximately $5 billion in cash and some $20 billion in workout funds set aside to prevent further foreclosures by refinancing some borrowers at lower principal amounts.
Mortgage rates dropped this week to the lowest level in 30 years of record keeping, helping to spur a further boom in mortgage refinancing.
Dubai World, the emirate's heavily indebted investment vehicle, is considering refinancing a further $850m£510m0m) of debt just seven months after agreeing a $26bn restructuring.
The Gradible deal — terms of which were not disclosed — will also mean that CommonBond can tap further into the loan refinancing market as well, competing more against the likes of Earnest.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com