Senior Issue

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Dictionary Says

Definition of 'Senior Issue'

An issue of bonds, preferred stock or other securities that represents the first priority lien on the issuer's assets or earnings. Senior issues have a higher priority claim on a firm's dividends, interest payments, or in case of a bankruptcy, the value salvaged from a liquidation.
Investopedia Says

Investopedia explains 'Senior Issue'

Priority levels may change in the subordinated debt structure. An issue that is considered senior may lose that title in certain situations. For example, if a firm claims bankruptcy and begins acting as a debtor in possession (DIP), it may attempt to raise more funds to keep operations going. A new lender may require its lien to be given top priority, forcing the current senior issue of bonds down the claims ladder.
Search results for

'Senior Issue'

  • Further Signs Of Credit Recovery

    http://stocks.investopedia.com/stock-analysis/2009/Further-Signs-Of-Credit-Recovery-URI-MCO-BZH-LMT-RTN1117.aspx
    ... a coupon of 14%. The new senior note issue has a coupon of 9.25%, and extends
    the term by five years. Another good sign was that ...

  • Common Bond-Buying Mistakes

    http://www.investopedia.com/articles/bonds/07/fixedincome.asp
    ... common stock in terms of claim preference, but below that of the senior holder.
    It is important to understand which you own, especially if the issue you are ...

  • Backdating: Insight Into A Scandal

    http://www.investopedia.com/articles/optioninvestor/09/backdating-insight-scandal.asp
    ... This enabled companies to issue enormous compensation packages to senior executives
    without notifying shareholders. Advertisement - Article continues below. ...

  • Financial Planners: Specialize In Seniors

    http://www.investopedia.com/articles/financialcareers/09/senior-specialization.asp
    ... Working with senior citizens involves special considerations that planners must
    be prepared for ... and legal wrangling in the event that this issue comes into ...

  • The Rise Of The Modern Investment Bank

    http://www.investopedia.com/articles/08/investment-banks.asp
    ... Because their underwriting fees derive from how much of the issue they sell, the
    competition for lead manager and senior allotment positions is quite intense. ...

  • A Primer On Preferred Stocks

    http://www.investopedia.com/articles/stocks/06/preferredstock.asp
    ... Most debt instruments, along with most creditors, are senior to any equity. ... This
    factor makes it more expensive for the issuing company to issue and pay ...

  • Homebuilders In 2010

    http://stocks.investopedia.com/stock-analysis/2010/Homebuilders-In-2010-TOL-HOV-KBH-RYL-BZH-MDC0106.aspx
    ... has extended the term of its debt so that it only has $100 million in debt maturing
    in 2011, and then nothing until 2014, when a senior note issue of $250 ...

  • Lincoln National A Home Run For Taxpayers

    http://stocks.investopedia.com/stock-analysis/2010/Lincoln-National-A-Home-Run-For-Taxpayers-LNC-PRU-ALL-AMP-HIG-C0616.aspx
    ... The insurer is using cash on hand, and issuing $335 million of common stock, and
    a $750 million senior note issue to help fund this redemption. ...

  • Oil-Focused Energy Stocks Continue Capital Spree

    http://stocks.investopedia.com/stock-analysis/2011/Oil-Focused-Energy-Stocks-Continue-Capital-Spree-KOG-LINE-CRZO-CXO0105.aspx
    ... The company raised $600 million in a senior note issue due in 2021, and also raised
    approximately $227.4 million in net proceeds from a common stock offering. ...

  • Series 26 Study Guide - Investment Companies - Registration ...

    http://www.investopedia.com/exam-guide/series-26/investment-companies/registration.asp
    ... the senior officers, directors and underwriters; Identification of individuals holding
    at least 10% of the company's securities; Use of the proceeds of the issue ...

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