9 1/8% Notes definition
Examples of 9 1/8% Notes in a sentence
Cash flows from financing activities generated $484.9 million as the net proceeds from the issuance of $550.0 million of the 9 1/8% Notes were partially offset as the Company paid cash dividends of $28.7 million and utilized $39.2 million for open market purchases of its equity securities during 1996.
To the extent that the aggregate amount of Notes and other PARI PASSU Indebtedness (including the 9 1/8% Notes, the 8 1/4% Notes, the 8 1/8% Notes, the 8 3/4% Notes and the 8 5/8% 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.
To the extent that the aggregate amount of Notes and other PARI PASSU Indebtedness (including the 9 1/8% Notes, the 8 1/4% Notes, the 8 1/8% Notes and the 8 3/4% 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.
Fair Value of Financial Instruments: The carrying value of the Company's financial instruments does not differ materially from their estimated fair value (quoted market prices) in 1997 and 1998 with the exception of the 10 3/4% Senior Notes Due 2004 whose fair value approximates $347.3 and $340.4 at December 31, 1997 and 1998, respectively, and the 9 1/8% Senior Notes Due 2006 ("9 1/8% Notes") whose fair market value approximates $569.5 and $573.4 at December 31, 1997 and 1998, respectively.
To the extent that the aggregate amount of Notes and other pari passu Indebtedness (including the 9 1/8% Notes, the 8 1/4% Notes, the 8 1/8% Notes and the 8 3/4% 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.
On that date the Company issued $550.0 million of 9 1/8% Notes and entered into definitive agreements for the private sale beginning in June of 1997 of an aggregate of $250.0 million of Secured Notes, which will be collateralized by the hot-dip galvanizing and galvannealing line and the continuous cold mill at the Rockport Works.