Unsecured Bondholders definition
Examples of Unsecured Bondholders in a sentence
On January 27, 2006, the U.S. Trustee formed an official committee of bondholders consisting of Deutsche Asset Management, Wells Capital Management and HSBC Bank USA, N.A., as Successor Indent▇▇▇ ▇rustee (the "Unsecured Bondholders' Committee") to represent the interests of the holders of Senior Note Claims.
Thereafter, the Debtors continued to have contacts and discussions with representatives of the Asbestos Claimants' Committee, the Futures Representative, certain of the Insurers, and, very recently, representative of the new Unsecured Bondholders' Committee concerning the elements of a Seventh Modified Plan.
Collectively, the Second Bondholders and the Unsecured Bondholders will own in aggregate 3.5000% of the issued and outstanding shares of the Company and will be repaid in aggregate USD 13.5 million at completion of the Restructuring.