Examples of Stub Notes in a sentence
Notes, the Orion 10% Notes and the Orion Stub Notes or such other entity designated by the Indenture Trustee as the disbursing agent under the Ltd.
The Company’s unsecured note obligations consist of approximately: (a) $152.5 million in principal amount of obligations in connection with the Subordinated Notes due 2009; and (b) $12.3 million in principal amount of 12% Stub Notes due 2010.
The Subordinated Notes were issued in connection with a financial restructuring pursuant to which a substantial majority of the holders of the Stub Notes exchanged their Stub Notes for a combination of cash, Subordinated Notes, preferred stock, and warrants to purchase common stock.
On July 21, 2000, pursuant to the Stub Notes Indenture by and among Ziff Davis Media as issuer, the Company’s domestic affiliates (other than Ziff Davis Intermediate Holdings) as guarantors, and the Stub Notes Indenture Trustee, Ziff Davis Media issued $250 million of Stub Notes.
As a result of the 2002 financial restructuring, the Stub Notes are subordinated to all existing and future senior indebtedness (other than the Subordinated Notes), including the Senior Secured Note Claims and MHR Note Claims.