Examples of PIK Toggle Notes in a sentence
These notes are Senior PIK Toggle Notes whereby the issuer may, at its option, elect to pay interest on the notes (1) entirely in cash or (2) entirely in PIK interest.
The Exchange Notes are to be issued pursuant to an exchange offer (the “Exchange Offer”) in exchange for a like principal amount of the 10 1/2 % / 11 1/4 % Senior PIK Toggle Notes due 2017 of the Issuer (the “Original Notes”) issued and outstanding under the Indenture, as contemplated by the Registration Rights Agreement, dated as of February 11, 2011 (the “Registration Rights Agreement”), between the Issuer and Merrill Lynch, Pierce, Fenner & Smith Incorporated, as initial purchaser of the Original Notes.
This result is in accordance with those re-ported by Benmeddour et al.
Impera Holdings S.A. used the net proceeds from the issuance of Senior PIK Toggle Notes towards a shareholder distribution.
These institutions do not need to report any 2021 data during the 2022 reporting period.