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Finance > Legal Defeasance
The following information is about Legal Defeasance.
Legal Defeasance Defined
The deposit of cash and permitted securities, as specified in the bond indenture, into an irrevocable trust sufficient to enable the issuer to fully discharge its obligations under the bond indenture.
This definition is in context to Finance. See more contextual defintions for Legal Defeasance.
Ferro Corporation Announces Closing of Convertible Notes Offering and Early Acceptance of Tender Offer and Consent ...
Published August 19, 2008, 1:43 pm, wallstreet:online AG
Ferro Corporation (5656;NYSE:FOE) (the "Company"), announced today the closing of its offering
Ferro Corporation Announces Closing of Convertible Notes Offering and Early Acceptance of Tender Offer and Consent ...
Published August 19, 2008, 1:31 pm, Business Wire via Yahoo! Finance
CLEVELAND----Ferro Corporation , announced today the closing of its offering of $150 million aggregate principal amount of 6.50% Convertible Senior Notes due 2013 , and that it accepted and paid for the 9 1/8% Senior Notes due 2009 validly tendered and not withdrawn as of August 18, 2008 pursuant to the tender offer and consent solicitation commenced June 20, 2008.
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