Antares Mansions raised an additional twenty-five milliof dollarso-calledalled "mezzanine" debt (debt that, in order of eventual repayment, ranks below senior debt but above equity).
In short, senior bondholders will be pushed down the pecking order for repayment, with only shareholders and junior bondholders beneath them.That ought to have prompted a fall in the prices of bank bonds.
The trade organization, for example, has authority to order the repayment of subsidies a government gives to its export industries to the detriment of foreign competitors.
France and Germany want more control over antitrust policy after Mr. Monti blocked politically supported mergers like Schneider Electric's bid for Legrand and ordered the repayment of billions of euros of aid that the two countries, along with Britain, provided to support ailing companies like Bull of France, MobilCom of Germany and British Energy.
Piling ever more debt on companies with dim prospects of repayment — in order to pay dividends to the private equity owners — would certainly qualify.
The legislation, H.R. 2428, would direct the companies to insert into their by-laws a provision requiring any employee accused of "fraud, moral turpitude or breach of fiduciary duty" to "post collateral, security, bonding, or other assurances of repayment" in order to have the legal fees advanced.
He claimed that, under existing rules, a judge has the power to order repayment of money at the end of a trial, even if a defendant is acquitted.
The FEC asked the court to order repayment of the money, plus a fine, plus its own expenses in the case.
In order to motivate them, they used a system of repayment, from points and ranking.
The government has already ordered that repayment of smaller loans be accepted in pesos at the old one-to-one rate, potentially resulting in billions of dollars in losses for lenders.
