Usually, there is an appraisal, and control goes to the debtholder that is in the most junior position but still is "in the money"—meaning that if the property were sold, it would still get some of its money back. ❋ Al Yoon (2012)
The intended buyer of JW Marriott Las Vegas Resort & Spa is Galante Holdings Inc., a British Virgin Islands company that claims it had the right to pay $84.5 million for the entire mortgage as the junior-most debtholder. ❋ Al Yoon (2012)
Some of these are part of a lending syndicate, which would make it harder for a new debtholder to gain control of the property. ❋ Craig Karmin (2011)
We haven't even tried to fix this, say by requiring banks to take on a class of debtholder who would agree to be converted to equity in a bailout. ❋ Jr. Holman W. Jenkins (2011)
The investment bank holds $437 million in debt ranked below the note, meaning it would be wiped out if the more senior debtholder was able to go through with the foreclosure. ❋ Unknown (2010)
But unless I have a financial interest in that firm, i.e., a shareholder or debtholder, who am I to decide what is excessive? ❋ JERRY DOYLE (2010)
Halcyon accepted a $29.5 million bid from a Santa Barbara-based hedge fund Pacificor, the debtholder which pushed the company into bankruptcy. ❋ Unknown (2010)
So when the surprise victory came from a $29.5 million bid from Santa Barbara-based hedge fund Pacificor, the debtholder which pushed Halcyon into bankruptcy, something wasn't quite right. ❋ Unknown (2010)
The winning bid was made by Pacificor, the debtholder company who pushed Halcyon into the bankruptcy state that forced this sale to begin with. ❋ Unknown (2010)
Sam Zell Tribune said Thursday it had agreed to settle a debtholder lawsuit that had held up its efforts to emerge from bankruptcy court. ❋ Shira Ovide (2010)
The lenders 'steering committee held a conference call with lenders on Monday to update them on the Treasury offer, which one Chrysler debtholder called "ugly, really a pretty low starting point." ❋ Unknown (2009)
Lions Gate's refinancing agreement stipulates that more than $90 million of the company's debt -- roughly 28% of the total -- cannot be sold to Mr. Icahn, and the studio's largest debtholder, John Kornitzer, has said publicly that he will not tender to Mr. Icahn. ❋ Unknown (2009)
My bias is that without the prospect of government bailout, all debtholder claims on Chrysler would have been worth close to zero. ❋ Unknown (2009)
Charter's bonds have been on the up since it reached an agreement with an ad hoc debtholder committee to reduce debt by approximately $8 billion and to restructure under the Chapter 11 plan. ❋ Unknown (2009)
One major debtholder said the terms of the rival bid were superior because they gave Sirius more long-term flexibility. ❋ Unknown (2009)
Instead, Halcyon Holding Corp accepted the $29.5 million bid from, of all parties, the debtholder which pushed it into bankruptcy, Santa Barbara-based hedge fund Pacificor. ❋ FlicksNews.net (2010)
Pershing Square is General Growth's largest shareholder, and Fairholme its largest debtholder. ❋ Unknown (2010)
Former debtholder Oaktree Capital is taking majority control of Regent, whose senior management remains in place. ❋ Unknown (2010)