The new issue is targeted for general corporate purposes, and may be used to help refinance senior notes coming due
And then there's the fact that irresponsible Uncle Elroy has squandered the remains of his lottery winnings on chronic and sex toys, and a serious property tax bill is coming due
At a time when traditional sources of capital remain scare, commercial property owners are now looking to the burgeoning REMIC market to raise the cash they need to pay off loans coming due
The primary short-term challenges are refinancing $625 million of unsecured debt coming due
July 20, 2007, low capital levels but still 'Well Capitalized' by regulatory standards, and high percentage of hybrid equity as part of total equity.
Commercial paper, a short-term promissory note or loan coming due
in 180 days or less, is usually issued by a corporation, not a municipality.
Additionally, he said, if a lease is coming due
this year with substantial escalations, a renegotiation will probably lead to a rental less than what is being paid now.
Moreover, it is noted that aside from the anticipated additional debt following closing, the company also has relatively near-term requirements of 30% of existing debt coming due
in the next two years.
The balloon payment finally is coming due
on all of those restructured contracts and megabucks free-agent deals.
Liquidity remains a problem and the scarce supply of available funds at reasonable terms will be further crimped by the many bullet loans coming due
in the next year or so