Examples of Senior Discount Contingent Principal Notes in a sentence
On May 6, 2003, Holdings (through its wholly owned subsidiary, J.Crew Intermediate LLC ("Intermediate")) completed an offer to exchange 16% Senior Discount Contingent Principal Notes due 2008 of Intermediate (new notes) for its outstanding 13 1/8% Senior Discount Debentures due 2008 (existing debentures).
In accordance with any Registration Rights Agreement, the Company will execute and upon Company Order, the Trustee will authenticate Exchange Senior Discount Contingent Principal Notes in exchange for Issue Date Notes.
In the refinancings, we redeemed in full $150.0 million principal amount of 10 3/8% Senior Subordinated Notes due 2007 (the “10 3/8% Notes”) and $169.0 million principal amount of Intermediate’s 16% Senior Discount Contingent Principal Notes due 2008 (the “16% Notes”), with the proceeds of a new $275.0 million 9 3/4% term loan, which was converted into the 9 3/4% Notes in accordance with the terms of the loan agreement in March 2005, and $44.0 million in internally available funds.
The aggregate principal amount of the Additional Notes that may be authenticated and delivered under this Indenture after the Issue Date pursuant to Section 2.18 is limited to the amount necessary to repurchase $21,667,000 in aggregate principal amount of the Existing Debentures which were not exchanged for Senior Discount Contingent Principal Notes as of the Issue Date.
On May 6, 2003 Holdings (through its newly-formed, wholly owned subsidiary, J.Crew Intermediate LLC ("Intermediate")) completed an offer to exchange 16% Senior Discount Contingent Principal Notes due 2008 of Intermediate (new notes) for its outstanding 13 1/8% Senior Discount Debentures due 2008 (existing debentures).