Spinco Securities definition

Spinco Securities has the meaning set forth in the Separation Agreement.

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Spinco Securities means any notes issued by Spinco to Verizon, as contemplated in Section 2.4 hereof and having the principal terms set forth on Exhibit G hereto and other terms determined in accordance with Section 7.18 of the Merger Agreement.

Spinco Securities has the meaning set forth in the Distribution Agreement.

Examples of Spinco Securities in a sentence

Verizon shall not be obligated to consummate the Distribution unless Verizon shall receive in connection therewith the Special Payment and a principal amount of Spinco Securities that together total $3.333 billion minus the amount of Distribution Date Spinco Indebtedness.
As of the Closing Date after giving pro forma effect to the Merger Transactions (other than the Merger) and the incurrence, as applicable, of Borrowings hereunder and the Spinco Securities (and/or the Bridge Loans, if applicable), Parent and its Subsidiaries on a consolidated basis, are Solvent.
Each party hereto shall cooperate in connection with the preparation of all documents and the making of all filings required in connection with the issuance of the Spinco Securities and the consummation of the Debt Exchange.
The principal amount of the Spinco Securities will be an amount equal to (x) $1.7 billion less (y) the amount of the Special Payment, with the precise aggregate principal amount of the Spinco Securities to be set forth on a certificate to be delivered by Verizon to Spinco, with a copy to the Company, no later than 30 days prior to the Distribution Date.
TDCC shall provide Parent with an opportunity to participate in any material discussions with the ultimate investors, investment banks, managers or other third parties relating to the terms and conditions of the Spinco Securities and shall in good faith take into account Parent’s comments with respect thereto.

More Definitions of Spinco Securities

Spinco Securities has the meaning set forth in the Merger Agreement.

Spinco Securities means notes issued by Spinco to Burgundy in a principal amount equal to the Above Basis Amount (subject to gross up to account for applicable underwriting or other fees and original issue discount), as contemplated in Section 8.11(f), which notes shall (i) be unconditionally guaranteed by each of Spinco’s existing and subsequently acquired or organized direct or indirect domestic subsidiaries and, after consummation of the Merger, Grizzly and each of its existing and subsequently acquired direct or indirect domestic subsidiaries that guarantee any other indebtedness of Grizzly, (ii) have a maturity date of at least eight years and be non-callable (or callable only with payment of a make-whole premium) for a period of at least five years, (iii) have an interest rate not to exceed the Total Cap, unless Grizzly shall agree in its sole discretion to an interest rate in excess of the Total Cap, (iv) have customary incurrence based covenants to be agreed in light of then prevailing market conditions for issuers of comparable creditworthiness or such other covenants as Grizzly may agree with the applicable counterparty, and (v) otherwise be in form and substance, and subject to an indenture, customary for debt offerings under Rule 144A under the Securities Act and similar to the terms governing the Spinco Exchange Debt.

Spinco Securities the Company’s $350.0 million in aggregate principal amount of unsecured senior notes to be issued on or prior to the Closing Date.

Spinco Securities means the Spinco Shares and the Spinco Warrants collectively;

Spinco Securities means the seven-year notes issued by SpinCo and distributed to Parent in connection with the Distribution as partial consideration for the Contribution, pursuant to the Separation Agreement.

Spinco Securities means the notes to be issued by Spinco to Verizon New England, as contemplated in Section 2.4 hereof and having the principal terms set forth on Exhibit C hereto and other terms determined in accordance with Section 7.20 of the Merger Agreement.”

Spinco Securities means notes issued by SpinCo to ConAgra with terms as set forth on Schedule 7.07.