High Yield Offering definition

High Yield Offering has the meaning set forth in Section 9.1(c).

High Yield Offering the contemplated offering by the Company of the High Yield Notes.

High Yield Offering means an issuance by the Company of $75,000,000 in unsecured debt securities with a weighted average maturity of at least five (5) years pursuant to (i) a completed firm commitment public offering pursuant to an effective registration statement under the Securities Act of 1933, as amended, or (ii) a completed placement under Rule 144A promulgated under the Securities Act of 1933, as amended.

Examples of High Yield Offering in a sentence

• The closing of the purchase and sale of the ------------------ Series C Preferred to Intel hereunder (the "FIRST CLOSING") shall be held concurrently with the closing of the High Yield Offering on the date of the closing of the High Yield Offering (provided that such closing date occurs on or before April 30, 1998) or on such later date as the Company and Intel may mutually agree (the "FIRST CLOSING DATE").

• Assuming the successful consummation of the Pinnacle Merger and the issuance of up to $225 million of senior subordinated notes of the Reorganized Company at the Closing Date (the "High Yield Offering"), the funding commitments under the facilities described in the Debt Commitment Letter and the equity commitments described in the Equity Commitment Letters, taken together, are in amounts sufficient to enable CEH LLC and Pinnacle to consummate the transactions contemplated by this Agreement.

• Except as otherwise provided in this Plan or the Confirmation Order, all Cash necessary for Reorganized Debtors to make payments under this Plan shall be obtained from existing Cash balances, the operations of the Debtors and the Reorganized Debtors, the Pinnacle Senior Credit Facility, the High Yield Offering, the proceeds from exercises of the Subscription Rights or from the cash investment made by the New Equity Investors in Pinnacle (via CEH LLC and Holding) under the Equity Commitment Letters.

• Notwithstanding the foregoing, (A) the first dividend period shall commence on the Series A Preferred Issue Date, and the dividend payable in respect thereof shall accrue for the actual number of days in such period and (B) dividends shall cease to accrue and compound on the Series A Preferred on the closing date with respect to the High Yield Offering.

• For purposes hereof, "High Yield Offering" shall mean the offering completed in July 1997 of $155 million in aggregate principal amounts of 13 1/2% Senior Notes due 2007.

More Definitions of High Yield Offering

High Yield Offering means the high yield bond offering lead by Deutsche Bank with a view to raise up to $300 million;

High Yield Offering means the issuance by Holdings of up to $400,000,000 of unsecured, high-yield notes, as described in a Description of Notes and an Offering Memorandum, in each case in form and substance satisfactory to Agent and received by Agent on or before such date as Agent may permit in its sole discretion.”

High Yield Offering means an offering, either in a registered public offering or a private placement, of notes, bonds or other securities that are pari passu or subordinated to the Notes but shall not include any Senior Credit Facility, the Series A Notes, the Series B Notes or any Notes issued under the Indenture.

High Yield Offering means (a) at any time prior to the offering of the "Exchange Securities" described in the Indenture, the Borrower's offering of the High Yield Notes outstanding as of the September 5, 1997, and (b) upon commencement of the Borrower's offering of such Exchange Securities, both the offering described in the preceding clause (a) and the offering of such Exchange Securities pursuant to the "Exchange Offer Registration Statement" described in the High Yield offering Memorandum.

High Yield Offering means Buyer's public offering of its high yield debt securities underwritten by Donaxxxxx Xxxkxx & Xenrxxxx Xxxurities Corporation.

High Yield Offering see Section 4.1. -------------------

High Yield Offering has the meaning assigned to that term in ------------------- Section 3.21. "Holder", with respect to Preferred Shares or Common Stock ------ issued upon conversion of the Preferred Shares or upon exercise of the Warrants, means the Purchaser and any subsequent direct or indirect transferee of such securities; provided that the term Holder shall not include any Person who owns -------- such securities if such securities have been registered under the Securities Act or have been transferred to such Person after such securities has been the subject of a distribution to the public pursuant to Rule 144 under the Securities Act (or any successor provision) or otherwise distributed under circumstances not requiring a legend.