Late last month, PureCycle Technologies amended the indenture and loan agreement for the bonds issued for its Ironton, Ohio, ...
A trust indenture is a legal agreement between a bond issuer and a trustee, such as a bank, that outlines the terms of a bond issue. It details the issuer’s responsibilities, the rights of the ...
The Indiana Finance Authority is restating its current bond trust indenture and its wastewater and drinking water state revolving fund trust indentures ahead of pricing $200 million of bonds from the ...
Cierra Murry is an expert in banking, credit cards, investing, loans, mortgages, and real estate. She is a banking consultant, loan signing agent, and arbitrator with more than 15 years of experience ...
In the high stakes world of distressed debt investing, the not-so-glamorous task of picking apart language in bond documents can make or break returns. In Caesars’ case, management interpreted ...
Aurelius Capital Management LP on Wednesday circulated another letter to Windstream Services LLC’s bondholders, arguing that the company’s proposed debt exchange violates a contract in certain bonds.
How does bondholders’ use of the Trust Indenture Act affect companies’ ability to complete out-of-court restructurings? Courts are striking down and calling into question an important class of ...