make-whole

Target Corp. said Wednesday that it would again suspend its efforts to sell its credit-card-receivables portfolio until later this year and outlined plans to pay J.P. Morgan Chase & Co. about $2.8 billion, along with a make-whole premium, to retire financing it received in 2008.

Target to Suspend Efforts to Sell Credit-Card Receivables Tess Stynes 2012

Excluding a make-whole payment tied to the prepayment of notes, earnings for the latest period were $1.55 a share.

Signet Jewelers Profit Drops on Higher Expenses Melodie Warner 2011

That issue, which included a make-whole call option, was rated A3 by Moody's and A-minus by S & P and Fitch.

Pepsi, KfW Join High-Grade Flood Kellie Geressy-Nilsen 2010

Tranche 3: Amount: $750 million; maturity: Jan. 15, 2021; coupon: 4.25%; price: 99.645; yield: 4.294%; spread: 95 basis points more than Treasurys; call: make-whole callable at Tsys +15 bps.

New Securities Issues 2011

The series B notes are unsecured general obligations of the university, and will be callable by the issuer prior to their scheduled maturity through a "make-whole" provision, allowing MIT to call in some or all of the bonds at any time for the greater or their par, of face value, or a premium over the comparable Treasury rate.

MIT Offers 'Century Bond' Katy Burne 2011

But as inflows flooded high-yield funds in 2010, managers became less picky about the protections they required in their scramble to put cash to work, avoiding the make-whole penalties.

Bondholders Are Rattled by Prepayment Covenants Carrick Mollenkamp 2011

Target Credit-Card Receivables Won't Be Sold for Now Target Corp. said Wednesday that it would again suspend its efforts to sell its credit-card-receivables portfolio until later this year and outlined plans to pay J.P. Morgan Chase & Co. about $2.8 billion, along with a make-whole premium, to retire financing it received in 2008.

Corporate Watch 2012

Terms were as follows: Tranche 1: Amount: $375 million; maturity: Jan. 10, 2014; coupon: 1.50%; price: 99.732; yield: 1.592%; spread: 58 basis points more than Treasurys; call: make-whole callable at Tsys +10 bps.

New Securities Issues 2011

The deal was increased in size from $1 billion and also includes a change-of-control put at 101 and a make-whole provision of Treasurys plus 50 basis points on both parts.

New Securities Issues 2010

Amount: $2.25 billion; maturity: July 15, 2040; coupon: 5.375%; price: 98.841; yield: 5.454%; spread: 140 basis points more than Treasurys; settlement: July 19, 2010 (T+5); call: make-whole call any time at a discount rate of Treasurys plus 25 basis points.

New Securities Issues 2010