PIK loan

Members of the Task Force on Services to Canadians, Ministers Ien, Miller, Gould, Alghabra and Fraser, provide an update on recent work to improve government services for Canadians

Retrieved on: 
Monday, August 29, 2022

The task force has been meeting regularly throughout the summer to identify priority areas for action, and outline short- and longer-term solutions to better serve Canadians.

Key Points: 
  • The task force has been meeting regularly throughout the summer to identify priority areas for action, and outline short- and longer-term solutions to better serve Canadians.
  • Today, the task force co-chairs, Ministers Ien and Miller, were joined by Ministers Gould, Alghabra and Fraser, to provide an update on the work undertaken in the recent months to address service delivery issues affecting Canadians.
  • The Government of Canada is working hard to improve the delivery of services that Canadians rely on every day.
  • "The task force is making progress on how to better deliver government services for Canadians that are accessible, timely and efficient.

The Government of Canada and industry partners continue efforts to reduce air traveller wait times

Retrieved on: 
Friday, August 12, 2022

The Government of Canada strongly encourages Canadians to know their rights when they travel by air under the Air Passenger Protection Regulations.

Key Points: 
  • The Government of Canada strongly encourages Canadians to know their rights when they travel by air under the Air Passenger Protection Regulations.
  • Efforts to increase screening officer staff levels at all airports continue, including at Montral-Trudeau International Airport andCalgary International Airport.
  • There has been a significant decrease in the number of aircraft holds at Toronto Pearson International Airport, in part due to the Canada Border Services Agency's continuous efforts to reduce border processing wait times.
  • The Government of Canada continues to make improvements to ArriveCAN so it is faster and easier for travellers to use.

The Government of Canada and industry partners taking action to reduce wait times at Canadian airports

Retrieved on: 
Thursday, August 11, 2022

Through each part of their travel journey, passengers should document any incidents that occur as they may be eligible for compensation.

Key Points: 
  • Through each part of their travel journey, passengers should document any incidents that occur as they may be eligible for compensation.
  • Travellers have rights, and these must be respected by airlines and airports through each step of the travelling experience.
  • Efforts to increase screening officer staff levels at all airports continue, including at Montral-Trudeau International Airport and Calgary International Airport.
  • The Government of Canada continues to make improvements to ArriveCAN so it is faster and easier for travellers to use.

StoneMor Inc. Announces Pricing of Senior Secured Notes Offering

Retrieved on: 
Friday, April 23, 2021

b'BENSALEM, Pa., April 23, 2021 (GLOBE NEWSWIRE) -- StoneMor Inc. (NYSE: STON) (\xe2\x80\x9cStoneMor\xe2\x80\x9d or the \xe2\x80\x9cCompany\xe2\x80\x9d), a leading owner and operator of cemeteries and funeral homes, announced today the pricing of $400 million aggregate principal amount of its 8.500% Senior Secured Notes due 2029 (the "Notes").

Key Points: 
  • b'BENSALEM, Pa., April 23, 2021 (GLOBE NEWSWIRE) -- StoneMor Inc. (NYSE: STON) (\xe2\x80\x9cStoneMor\xe2\x80\x9d or the \xe2\x80\x9cCompany\xe2\x80\x9d), a leading owner and operator of cemeteries and funeral homes, announced today the pricing of $400 million aggregate principal amount of its 8.500% Senior Secured Notes due 2029 (the "Notes").
  • The Notes will be issued at a price equal to 100% of the principal amount thereof, plus accrued interest from May 11, 2021.
  • The Notes will be senior secured obligations of the Company and will be guaranteed by certain of the Company\xe2\x80\x99s domestic subsidiaries and by any foreign subsidiary that guarantees any future credit facility.
  • The offering is expected to close on May 11, 2021, subject to customary closing conditions.\nThe Company intends to use the net proceeds of the offering to fund the redemption in full of approximately $338.1 million aggregate principal amount of the outstanding 9.875%/11.500% Senior Secured PIK Toggle Notes due 2024 (the \xe2\x80\x9c2024 Notes\xe2\x80\x9d) together with an approximately $18.5 million prepayment premium and pay fees and expenses incurred in connection with the offering.

Gevo Exchanges Convertible Senior Secured Notes Maturity Date for New Notes is December 31, 2020/April 1, 2021

Retrieved on: 
Monday, January 13, 2020

Upon the Maturity Date, the outstanding principal amount of the New Notes and any accrued interest shall be payable in cash.

Key Points: 
  • Upon the Maturity Date, the outstanding principal amount of the New Notes and any accrued interest shall be payable in cash.
  • As of January 10, 2020, an aggregate $14,099,712 of principal and unpaid accrued interest was outstanding under the 2020 Notes.
  • Interest: The New Notes accrue interest at 12% per annum, with 8% payable in cash and 4% payable as Payment in Kind (PIK) interest.
  • The PIK interest is paid by increasing the principal amount of the New Notes by the amount of PIK interest due.

Centrus Repays $27.5 Million in Outstanding Notes

Retrieved on: 
Tuesday, October 1, 2019

BETHESDA, Md., Oct. 1, 2019 /PRNewswire/ -- Centrus Energy Corp. (NYSE American: LEU) announced that it has fully repaid the $27.5 million in outstanding 8.0% PIK toggle notes that matured on September 30, 2019.

Key Points: 
  • BETHESDA, Md., Oct. 1, 2019 /PRNewswire/ -- Centrus Energy Corp. (NYSE American: LEU) announced that it has fully repaid the $27.5 million in outstanding 8.0% PIK toggle notes that matured on September 30, 2019.
  • This is the latest in a series of steps the company has taken to reduce its long-term debt.
  • Following today's payment, Centrus has cut the principal amount of its outstanding debt by 70 percent since the end of 2015.
  • Centrus ended 2015 with $247.6 million in long-term debt, with a maturity date of September 30, 2019.

Neiman Marcus Group Announces Expiration and Final Results of Exchange Offers and Consent Solicitations Relating to Its Existing Unsecured 8.000% Senior Cash Pay Notes Due 2021 and 8.750%/9.500% Senior PIK Toggle Notes Due 2021

Retrieved on: 
Saturday, June 1, 2019

Neiman Marcus Group LTD LLC, a Delaware limited liability company (the Company), today announced the expiration and final results of its previously announced offers to exchange (the Exchange Offers) any and all of its existing unsecured 8.000% Senior Cash Pay Notes due 2021 (the Existing Cash Pay Notes) and existing unsecured 8.750%/9.500% Senior PIK Toggle Notes due 2021 (the Existing PIK Toggle Notes and, together with the Existing Cash Pay Notes, the Existing Notes) commenced by the Company on April 29, 2019.

Key Points: 
  • Neiman Marcus Group LTD LLC, a Delaware limited liability company (the Company), today announced the expiration and final results of its previously announced offers to exchange (the Exchange Offers) any and all of its existing unsecured 8.000% Senior Cash Pay Notes due 2021 (the Existing Cash Pay Notes) and existing unsecured 8.750%/9.500% Senior PIK Toggle Notes due 2021 (the Existing PIK Toggle Notes and, together with the Existing Cash Pay Notes, the Existing Notes) commenced by the Company on April 29, 2019.
  • The Exchange Offers expired at 5:00 p.m., New York City time, on May 31, 2019 (such time and date, the Expiration Date).
  • The Company expects the settlement of the Exchange Offers to occur on or about June 7, 2019 (the Settlement Date).
  • The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.