CALPINE CORP (Form: 8-K, Received: 09/20/2007
... Amended Disclosure Statement as filed with the Bankruptcy Court are attached hereto as Exhibits 99.1 and 99.2, respectively. A copy of a press release dated September 19, 2007, announcing the filing of the Second Amended Plan and the Second Amended Disclosure Statement is attached hereto as Exhibit ...
... Amended Disclosure Statement as filed with the Bankruptcy Court are attached hereto as Exhibits 99.1 and 99.2, respectively. A copy of a press release dated September 19, 2007, announcing the filing of the Second Amended Plan and the Second Amended Disclosure Statement is attached hereto as Exhibit ...
securities and exchange commission
... guarantee of future performance and that actual results could differ materially from those contained in the forward-looking statements. These forward-looking statements can be identified by the fact that they do not relate only to historical or current facts. Forward-looking statements sometimes use ...
... guarantee of future performance and that actual results could differ materially from those contained in the forward-looking statements. These forward-looking statements can be identified by the fact that they do not relate only to historical or current facts. Forward-looking statements sometimes use ...
Non-GAAP Reporting following Debt Covenant Violations
... sustainable core operating performance (Bhattacharya et al., 2003). Recent evidence suggests that the nonGAAP earnings measures used in debt contracts are also created to better measure persistent operating performance. Li (2010) argues that earnings measures in debt contracts are more useful if the ...
... sustainable core operating performance (Bhattacharya et al., 2003). Recent evidence suggests that the nonGAAP earnings measures used in debt contracts are also created to better measure persistent operating performance. Li (2010) argues that earnings measures in debt contracts are more useful if the ...
Subnational Capital Markets in Developing Countries
... This book examines institutional aspects of subnational capital markets and presents case studies of subnational borrowing, showing what has worked, what has not, and why. As decentralization continues and urbanization spreads, local authorities need to provide more services with fewer resources fro ...
... This book examines institutional aspects of subnational capital markets and presents case studies of subnational borrowing, showing what has worked, what has not, and why. As decentralization continues and urbanization spreads, local authorities need to provide more services with fewer resources fro ...
Credit default swaps around the world: Investment and
... Wang (2016)). There is little consensus in this literature regarding the net impact of CDS on the underlying firms. It is clear that CDS can provide better hedging opportunities for lenders, but these opportunities may be associated with inefficiencies such as excessive liquidation, reduced monitori ...
... Wang (2016)). There is little consensus in this literature regarding the net impact of CDS on the underlying firms. It is clear that CDS can provide better hedging opportunities for lenders, but these opportunities may be associated with inefficiencies such as excessive liquidation, reduced monitori ...
NSTAR ELECTRIC COMPANY doing business as - corporate
... changes in accounting standards and financial reporting regulations, ...
... changes in accounting standards and financial reporting regulations, ...
STEP - Merrill Lynch
... These documents (together, the “Note Prospectus”) have been filed as part of a registration statement with the SEC, which may, without cost, be accessed on the SEC website as indicated above or obtained from MLPF&S by calling 1-800-294-1322. Before you invest, you should read the Note Prospectus, in ...
... These documents (together, the “Note Prospectus”) have been filed as part of a registration statement with the SEC, which may, without cost, be accessed on the SEC website as indicated above or obtained from MLPF&S by calling 1-800-294-1322. Before you invest, you should read the Note Prospectus, in ...
Nordic High Yield Update
... around 30 oil and gas projects carrying total reserves of around 20bn barrels have been put on hold or cancelled. However, 2016 is not the turning point and we expect another negative year for offshore oil service fundamentals and bond prices, as we believe 2016 will be characterised by equity issue ...
... around 30 oil and gas projects carrying total reserves of around 20bn barrels have been put on hold or cancelled. However, 2016 is not the turning point and we expect another negative year for offshore oil service fundamentals and bond prices, as we believe 2016 will be characterised by equity issue ...
Accounting Comparability and Loan Contracting - CEAR
... Accounting Comparability and Loan Contracting ...
... Accounting Comparability and Loan Contracting ...
Liquidity Crises, Liquidity Lines and Sovereign Risk December 2015
... liquidity lines during a liquidity crisis. A defaulting government faces a default cost, is temporarily excluded from the financial markets and cannot issue new debt. Furthermore, a defaulting government cannot rollover its debt accrued from liquidity lines and has to honor these obligations but do ...
... liquidity lines during a liquidity crisis. A defaulting government faces a default cost, is temporarily excluded from the financial markets and cannot issue new debt. Furthermore, a defaulting government cannot rollover its debt accrued from liquidity lines and has to honor these obligations but do ...
- Fairview High School
... © Family Economics & Financial Education – September 2010 – The Essentials to Take Charge of Your Finances – Understanding Credit Reports Essentials Advanced – Slide 10 Funded by a grant from Take Charge America, Inc. to the Take Charge America Institute’s Norton School of Family and Consumer Scienc ...
... © Family Economics & Financial Education – September 2010 – The Essentials to Take Charge of Your Finances – Understanding Credit Reports Essentials Advanced – Slide 10 Funded by a grant from Take Charge America, Inc. to the Take Charge America Institute’s Norton School of Family and Consumer Scienc ...
Capital structure and volatility of risk
... called volatility of implied volatility (VIV). All our results are implemented both of these measures of volatility of volatility. We rank firms in deciles according to our volatility of volatility measures (both VRV and VIV) and we find that the firms in the higher deciles issue monotonically small ...
... called volatility of implied volatility (VIV). All our results are implemented both of these measures of volatility of volatility. We rank firms in deciles according to our volatility of volatility measures (both VRV and VIV) and we find that the firms in the higher deciles issue monotonically small ...
Credit Scores, Reports, and Getting Ahead in
... Consumer credit reports and scores play a growing role in the ability of families to get ahead, now influencing prices for loans and insurance and efforts to get jobs and rent apartments. An analysis of a quarterly sample of 25 million anonymous consumer credit reports and scores for every U.S. coun ...
... Consumer credit reports and scores play a growing role in the ability of families to get ahead, now influencing prices for loans and insurance and efforts to get jobs and rent apartments. An analysis of a quarterly sample of 25 million anonymous consumer credit reports and scores for every U.S. coun ...
Secured Transactions Summary: Fall 2001
... externalizing the cost of doing business to others Equity – greater risk but greater potential for profit Debt 2. Unsecured and secured debt Lender transaction – creditors advance money to debtors as against borrower’s promise to repay or perform an obligation Supplier transaction – creditor ...
... externalizing the cost of doing business to others Equity – greater risk but greater potential for profit Debt 2. Unsecured and secured debt Lender transaction – creditors advance money to debtors as against borrower’s promise to repay or perform an obligation Supplier transaction – creditor ...
Document
... reported. Generally, only accounts receivable is disclosed since the other types of receivables are not material. In some cases, the other types of receivables are disclosed in the notes to the ...
... reported. Generally, only accounts receivable is disclosed since the other types of receivables are not material. In some cases, the other types of receivables are disclosed in the notes to the ...
Diamondback Energy, Inc.
... of unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas. This basin, which is one of the major producing basins in the United States, is characterized by an extensive production history, a favorable operating environment, mature infrastructure, long reserve life, m ...
... of unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas. This basin, which is one of the major producing basins in the United States, is characterized by an extensive production history, a favorable operating environment, mature infrastructure, long reserve life, m ...
Market Implied Costs of Bankruptcy
... is that it cannot provide evidence on the key ques on whether the tradeoff theory holds empirically. To see this, consider a firm with low leverage. The es ma on approach will a ribute the low leverage to high bankruptcy costs while in fact a firm could have chosen a low leverage ra o for other reasons ...
... is that it cannot provide evidence on the key ques on whether the tradeoff theory holds empirically. To see this, consider a firm with low leverage. The es ma on approach will a ribute the low leverage to high bankruptcy costs while in fact a firm could have chosen a low leverage ra o for other reasons ...
Initial Phase - World Bank Group
... A business, even though not currently able to meet its obligations, can sometimes be restructured so that creditors receive more from future profits (or a sale of company) than the “auction value” of the assets; excess of “going-concern value” of assets over “auction value” (“going-concern premium”) ...
... A business, even though not currently able to meet its obligations, can sometimes be restructured so that creditors receive more from future profits (or a sale of company) than the “auction value” of the assets; excess of “going-concern value” of assets over “auction value” (“going-concern premium”) ...
A Systems Approach to Comparing U.S. and Canadian
... their legal systems. Systems that operate very differently may use deceptively similar language; systems that operate similarly may do so through different institutions described in different terminology.S For these reasons, comparative law scholars began "insist(ing] on the importance of inquiring ...
... their legal systems. Systems that operate very differently may use deceptively similar language; systems that operate similarly may do so through different institutions described in different terminology.S For these reasons, comparative law scholars began "insist(ing] on the importance of inquiring ...
FEDEX CORP (Form: 424B3, Received: 01/03/2017 08:57:53)
... identified under the heading "Risk Factors" in "Management's Discussion and Analysis of Results of Operations and Financial Condition" in our Annual Report on Form 10-K for the fiscal year ended May 31, 2016, (ii) the factors set forth below related to the notes, and (iii) the other information set ...
... identified under the heading "Risk Factors" in "Management's Discussion and Analysis of Results of Operations and Financial Condition" in our Annual Report on Form 10-K for the fiscal year ended May 31, 2016, (ii) the factors set forth below related to the notes, and (iii) the other information set ...
- UConn School of Business
... cash-preserving incentive. This is especially true given that most managers are entitled to an actuarial lump-sum pension value on reaching retirement age, thus leaving concerns related only to losing their pension in the years leading up to their retirement.1 Our third hypothesis is therefore: ...
... cash-preserving incentive. This is especially true given that most managers are entitled to an actuarial lump-sum pension value on reaching retirement age, thus leaving concerns related only to losing their pension in the years leading up to their retirement.1 Our third hypothesis is therefore: ...
US CORNER - Paul, Weiss
... out, it would not be unusual for the first lien lenders to be represented by their administrative agent, perhaps with the assistance of a steering committee of lenders and a financial advisor. The bond holders might have an unofficial committee of note holders pre any bankruptcy and be part of an of ...
... out, it would not be unusual for the first lien lenders to be represented by their administrative agent, perhaps with the assistance of a steering committee of lenders and a financial advisor. The bond holders might have an unofficial committee of note holders pre any bankruptcy and be part of an of ...
NBER WORKING PAPER SERIES AND CAPITAL STRUCTURE
... corporate securities, I examine several special cases of the model. First, I turn off the countercyclical variation in default losses and set it to its average value. The resulting leverage ratio is almost as high as in the case without business cycle risks, which implies that countercyclical defaul ...
... corporate securities, I examine several special cases of the model. First, I turn off the countercyclical variation in default losses and set it to its average value. The resulting leverage ratio is almost as high as in the case without business cycle risks, which implies that countercyclical defaul ...
Debt Refinancing and Equity Returns∗
... intensity may have the same expected return as a firm with low leverage but high debt refinancing intensity. Put differently, the model implies that, in the cross-section of firms, expected equity returns increase with leverage only when controlling for firms’ refinancing intensities. Additionally, ...
... intensity may have the same expected return as a firm with low leverage but high debt refinancing intensity. Put differently, the model implies that, in the cross-section of firms, expected equity returns increase with leverage only when controlling for firms’ refinancing intensities. Additionally, ...
Subprime Lending, Suboptimal Bankruptcy: A Proposal to Amend
... In this Article, I examine how large-scale equity erosion in the subprime mortgage markets potentially impacts upon bankruptcy policy, both for those subprime borrowers who file for bankruptcy and for their unsecured creditors. As I explain in more detail below, subprime loans, unlike their prime co ...
... In this Article, I examine how large-scale equity erosion in the subprime mortgage markets potentially impacts upon bankruptcy policy, both for those subprime borrowers who file for bankruptcy and for their unsecured creditors. As I explain in more detail below, subprime loans, unlike their prime co ...