Examples of 6¾% Notes in a sentence
The “As Adjusted—Transactions” amount further adjusts the “As Adjusted—Initial Transactions” amount to reflect a loss on extinguishment of debt in connection with the Refinancing of €29.1 million related to (1) the payment of redemption premiums of €27.2 million associated with the remaining portion of the 6¾% Notes and (2) the write-off of €1.9 million of deferred financing fees associated with the remaining portion of the 6¾% Notes, net of an assumed aggregate tax benefit of €7.3 million.
With respect to Holders of the 6¾% Notes, on or prior to the Effective Date, the 6¾% Notes Consent Fee to each Holder of the 6¾% Notes whose properly executed Letters of Consent are received by the Tabulation Agent on or prior to the Consent Date and who do not revoke their consent, equal to $16.25 in cash for each $1,000 in principal amount of 6¾% Notes with respect to which such a consent is received from such Consenting Holder.
The “As Adjusted—Transactions” amount further adjusts the “As Adjusted—Initial Transactions” amount to reflect the use of proceeds from the issuance of the Notes and existing cash and cash equivalents of €4.1 million to (i) fund the Refinancing, including the estimated redemption premium associated with a portion of the 6¾% Notes of €27.2 million, and (ii) pay estimated expenses of €4.0 million associated with the offering of the Notes.
This evolution is explained principally by:§ diminution in construction works activities, notably due to the completion of certain large construction contracts outside of France in the Water division; § the non-renewal in 2009 of certain significant contracts, notably in the Transportation division; § the decline in energy prices which affected the Energy Services division, representing roughly 0.5% of the Group’s total revenue decline.
In particular, current estimates for a (based on tide gauge data) range from 1.5 to 2.0 mm/yr.
The “As Adjusted—Transactions” amount further adjusts the “As Adjusted—Initial Transactions” amount to reflect (1) estimated fees and expenses of €4.0 million assumed to be paid in connection with the issuance of the Notes and (2) the write-off of €1.9 million of deferred financing fees associated with the remaining portion of the 6¾% Notes in connection with the Refinancing.
To the extent that the aggregate amount of Notes and other pari passu Indebtedness (the 7½% Notes, the 8⅝% Notes, the 7¼% Notes, the 7¾% Notes, the 6⅝% Notes, the 8¾% Notes, the 8% Notes and the 6¾% Notes) tendered pursuant to an Asset Sale Offer is less than the Excess Proceeds, the Company may use any remaining Excess Proceeds for general corporate purposes.