Intercompany

Freeport has also agreed to convert $50 million in intercompany loans to equity and pay $5 million for surface-area fees. ❋ Andrea Hotter (2010)

Other expense recorded for the three months ended June 30, 2011 and 2010 primarily reflected foreign exchange transaction losses on short-term intercompany accounts.

No long-term intercompany loans were settled in 2010 that resulted in a significant foreign exchange adjustment.

You know, when we look at the parent company cash position we exclude any amount of commercial paper and short-term intercompany borrowings. ❋ Unknown (2009)

Routinely advise upon and support company wide intercompany related activities such as intercompany out of balance research, intercompany position settlements, intercompany interest assessments, intercompany debt waivers, intercompany confirmations/guarantees, and deemed dividend mitigation. ❋ Unknown (2010)

According to Marsh, "related party investments such as intercompany loans, the purchase of parent company commercial paper, or accounts receivable factoring are the most common use of funds, regardless of where a captive is located. ❋ Unknown (2010)

There was no intercompany competition or co-operation. ❋ Unknown (2009)

GE explains in its annual report some of these "intercompany transactions." ❋ Unknown (2011)

Strong intercompany sales and South America demand helped the engine business swing to a profit, while the parts business delivered a 35% profit increase. ❋ Doug Cameron (2011)

The ad hoc group has said that its main problem with Lehman's proposal is that it establishes a "pot of assets" to pay back creditors, which is "seriously flawed," particularly in the way it handles intercompany claims between various Lehman businesses. ❋ Joseph Checkler (2011)

In court papers, the FDIC argues that those securities are essentially a hybrid of debt and equity that should sit below its claims, which it says should be categorized as an intercompany loan from the bank to its parent. ❋ Eric Morath (2011)

The convoluted transaction also included an unusual provision allowing the company to cut a dollar from the intercompany debt—thereby boosting equity value—for every dollar of bonds it persuaded investors to tender into a discounted bond exchange. ❋ Matt Wirz (2011)

In trades dating back to June 2010, Deutsche Bank bought intercompany claims from Lehman's German affiliate, Lehman Brothers Bankhaus AG. ❋ Joseph Checkler (2011)

As it prepares for the auction, Nortel is also preparing for an intercompany fight over the cash that stacked up due to sales. ❋ Peg Brickley (2011)

On Friday, Dynegy launched just such an exchange that, if successful, would swap $1.25 billion of unsecured bonds into up to $823 million of secured debt, thereby extinguishing the intercompany note. ❋ Matt Wirz (2011)

U.S. accounting rules require that the intercompany transactions be eliminated in that circumstance. ❋ Erik Holm (2011)

The restatement comes after Assured Guaranty discovered it had consolidated the entities, but also continued to account for the insurance as an intercompany transaction. ❋ Erik Holm (2011)

The Goldman group argues that the claims should be kept separate because consolidation would invite litigation concerning intercompany claims between Lehman's various units. ❋ Matt Wirz (2011)

TXU remains current on all debt payments, and Aurelius's default allegation rests on an interpretation of intercompany loans between the company and a subsidiary. ❋ Matt Wirz (2011)