The debt grows and grows each time a deal is restructured.
Once the balance sheet is restructured, it should be a much more interesting investment proposition.
That meant "modifying the type of performances we give until the company is restructured," he said.
When the GMAC board is restructured, both G.M. and Cerberus will have less than a 15percentt stake in GMAC.
"The ongoing potential of systemic risk remains a concern until A.I.G. is restructured and market conditions improve," the report said.
There was no sympathy for the Board from Peter Vallone, the majority leader of the City Council, which, however the government is restructured, will undoubtedly have increased power.
Lucas van Praag, a spokesman for Goldman, said "we have no reason to believe that Dexia will not continue to meet its contractual obligations after it is restructured".
One camp, mostly Republican but including a few Democrats, wants to see drug benefits enacted only if Medicare is restructured to get more private health plans involved.
Testaverde will turn 38 next season and, unless his contract is restructured, will count for $7.7 million against the Jets' salary cap.
However, we believe it is essential that [£83m of] bond debt is restructured, if new investment in the stock is to be attracted.
Once the offensive line is restructured, and it will be, that has to be the focus of the spring and summer.
