About informing of senior convertible notes sell
Do anyone knows, If company is bying back from their creditors any kind of senior notes, must thei inform about that in massmedia or any other way, in some kind of form maybe, or we will see it only in finansial statements? Is there any rules for that from SEC?
Best Answer
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Oldman answered 4 months ago …
If they're traded on a U.S. or Britiish or Canadian exchange, they will have an announcement...and often a rights offering filed. The exception is when they convert a debt (say a bond or loan ) to another form of stock..they may get shareholder approval to negotiate the conversion of some debt to a preferred, with the prior bond-holder or loan owner agreeing to subscribe to the entire offering. You can usually get this info at the company's investor relations site.
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