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Fitch analysts observed: "The downgrade... reflects an uncured payment default following Interpipe's failure to make a scheduled principal debt repayment of $106m [£64m] on 1 November 2013.
A bankruptcy court judge has rejected the reorganization plan filed by the Coram Healthcare Corporation and a related company, Coram Inc., with the support of lenders holding its principal debt, the company said yesterday.
There are nods to the inventiveness of Orson Welles and Jean Cocteau (the live, candle-bearing arms emerging from the wall are yet another steal from "Beauty and the Beast"), but Schumacher's principal debt is to the higher reaches of the textile industry, and if you ever longed to know what it feels like to be asphyxiated by brocade, here is your chance.
Regard how I am indebted to Twyla Tharp's 'Fugue' in my quasi-musical organization of these four women and those isolated tics — the tip of a head, the roll of a shoulder — and how I use some of the no-nonsense linking movements from such Trisha Brown works as 'Opal Loop.' "My principal debt is to the wonderful female choreographers of Europe, do you not agree?
Under HAMP, Fannie and Freddie would receive an incentive of 63 cents for each dollar of mortgage principal debt it forgives.
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In a September 2000 filing with the S.E.C., Metropolitan stated that its ability to repay interest and principal on debt securities and preferred stock dividends depended in part on "the success of future public or private offerings of debt and equity securities".
The Obama administration and Treasury officials have said Puerto Rico needs access to restructuring — which could involve lowering the principal of the debt and altering payments — lest it default further on its debt.
"The legal issues, even regarding interest and principal on the debt, are complicated".
My greatest concern, however, is that the plan is more about "principal" (cutting federal debt) than about "principle" (what we want taxes and spending to accomplish).
The company said a proxy battle could upset creditors that have allowed it to suspend payments of principal on its debt.
He previously worked at Dresdner Kleinwort Wasserstein as managing director and global head of debt principal finance, asset-backed conduits and securitization.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com