Turning the tables
Article Abstract:
Olympia and York Developers has proposed the issue of new no-interest bonds to unsecured creditors. The bonds will be converted into an equity stake if the company cannot redeem them in five years. Creditors will likely cooperate with the plan since the market is troubled during the recession.
Publisher: Rogers Publishing Ltd.
Publication Name: Maclean's
Subject: News, opinion and commentary
ISSN: 0024-9262
Year: 1992
Real estate developers
Publication Name: Maclean's
Subject: News, opinion and commentary
ISSN: 0024-9262
Year: 1992
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A patriarch at bay
Article Abstract:
Olympia and York CEO Paul Reichmann has relied on his faith to provide him strength in coping with the real estate company's financial restructuring. Independent analysts are trying to restructure a worldwide debt of $13.5 billion.
Publisher: Rogers Publishing Ltd.
Publication Name: Maclean's
Subject: News, opinion and commentary
ISSN: 0024-9262
Year: 1992
Cases, Behavior, Bankruptcy, Reichmann, Paul
Publication Name: Maclean's
Subject: News, opinion and commentary
ISSN: 0024-9262
Year: 1992
User Contributions:
Comment about this article or add new information about this topic:
Subjects list: Finance, Olympia and York Developments Ltd.
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