A trust indenture is a legal agreement between a bond issuer and a trustee, such as a bank, that outlines the terms of a bond issue. It details the issuer’s responsibilities, the rights of the ...
Andy Smith is a Certified Financial Planner (CFP®), licensed realtor and educator with over 35 years of diverse financial management experience. He is an expert on personal finance, corporate finance ...
In AG Oncon, LLC et al v. Ligand Pharmaceuticals Inc., the Delaware Court of Chancery upheld an issuer’s right to conform an Indenture to the related description of notes contained in the offering ...
Bondholders of the Puerto Rico Electric Power Authority (PREPA) have a secured claim only up to the amount of certain funds established under their trust indenture, and an unsecured claim for the ...
Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...
PureCycle's Ironton, Ohio, facility. The company sold bonds in 2020 through the Southern Ohio Port Authority. PureCycle Technologies amended the indenture and loan agreement for its Series 2020A, B ...
Bond indenture: A legal document that details all of the conditions relating to a bond issue. Call feature: A feature that allows the corporation to call in or buy outstanding bonds from current ...