Examples of Super Senior Bonds in a sentence
The Super Senior Bonds also mature on November 13, 2018, carry an 11.5% fixed semi‐annual coupon and were used to fund capital expenditures related to the development of the Atrush Block.
GEP has the option to pay the coupon interest on the Super Senior Bonds in cash or in kind by issuing new bonds (“PIK Bonds”).
The Super Senior Bonds are based on the same agreement as the Senior Bonds with the same maturity date of November 13, 2018 and an 11.5% coupon interest payable semi-annually.
The Super Senior Bonds are based on the same agreement as the Senior Bonds with the same maturity date of November 13, 2018 and an 11.5% coupon interest payable semi‐annually.
ShaMaran’s major shareholders, Lorito Holdings SARL and Zebra Holdings and Investments SARL, companies owned by the Lundin Family Trust, have subscribed for $15.3 million of the Super Senior Bonds in accordance with the terms of their agreement with GEP to underwrite the Super Senior Bonds.2. On May 12, 2016 ShaMaran completed the issue of a total of 218,863,000 of its common shares to Existing Bondholders who elected to convert to shares a total of $18 million of Senior Bonds at face value.
On May 3, 2016 GEP issued new $17 million Super Senior Bonds resulting in $16.2 million in proceeds net of transaction costs.
Bulk chemical analysis, petrographic analysis, and literature-based palaeobotanical collection were accomplished to study the influence of the Ferrar volcanism on these areas.
Failure to meet development commitments could put the Atrush PSC and the Company’s bond agreements at risk of forfeiture.Management continues to monitor its financing requirements and is considering a number of financing alternatives in relation to the November 2018 maturity of the Company’s Senior Bonds and Super Senior Bonds debts.
To implement the Proposed Resolutions (as defined below) the Super Super Senior Bond Agreement will need to be amended (together the "Super Super Senior Bonds Amendments") as further set out in Appendix 4 hereto.
Upon completion of the solvent liquidation or striking-off or any similar process under Cayman law of the Issuer and Refectio, any residual amount remaining from the Winding-up Costs will be distributed to the holders of Super Super Senior Bonds with the record date as at the date of redemption of the Outstanding Bonds (as defined in the Super Super Senior Bond Agreement).