subordinate.01
frames- J. Landis Martin , NL president and chief executive officer , said 0 NL and Mr. Simmons cut the price *ICH*-2 0 they were proposing *T*-1 for Georgia Gulf because they initially planned a transaction that *T*-180 included about $ 250 million *U* in equity and a substantial amount of high-yield [rel subordinated] [ARG1 debt] .
- Olympia Broadcasting Corp. said 0 it did n't make a $ 1.64 million *U* semiannual interest payment due yesterday on $ 23.4 million *U* of senior [rel subordinated] [ARG1 debentures] .
- Oy Waertsilae is *-1 to contribute 200 million markkaa , most of it as [rel subordinated] [ARG1 debt] , and take a minority stake in the new company .
- The two-part issue consists of $ 200 million *U* of senior [rel subordinated] [ARG1 reset] notes maturing in 1997 and $ 150 million *U* of subordinated floating rate notes also maturing in 1997 .
- The two-part issue consists of $ 200 million *U* of senior subordinated reset notes maturing in 1997 and $ 150 million *U* of [rel subordinated] [ARG1 floating] rate notes also maturing in 1997 .
- The senior [rel subordinated] [ARG1 debentures] maturing in 2004 are targeted *-2 to be offered *-1 at a yield of between 12 5\/8 % to 12 3\/4 % *U* .
- In *-1 downgrading CS First Boston 's [rel subordinated] domestic , Euromarket and Swiss [ARG1 debt] to single-A-3 from single-A-2 , Moody 's is matching a move made * by the other major credit rating concern , Standard & Poor 's Corp. , several months ago .
- In addition , Moody 's said 0 it downgraded Financiere Credit Suisse-First Boston 's senior and [rel subordinated] Swiss [ARG1 debt] to single-A-2 from single-A-1 and lowered Financiere CSFB N.V. 's junior subordinated perpetual Eurodebt , guaranteed * by Financiere Credit Suisse -- First Boston , to single-A-3 from single-A-2 .
- In addition , Moody 's said 0 it downgraded Financiere Credit Suisse-First Boston 's senior and subordinated Swiss debt to single-A-2 from single-A-1 and lowered Financiere CSFB N.V. 's junior [rel subordinated] perpetual [ARG1 Eurodebt] , guaranteed * by Financiere Credit Suisse -- First Boston , to single-A-3 from single-A-2 .
- Bio-Technology General Corp. received tenders for 97.9 % of its 7.5 % convertible senior [rel subordinated] [ARG1 notes] due April 15 , 1997 , and 96 % of its 11 % convertible senior subordinated debentures due March 1 , 2006 .
- Bio-Technology General Corp. received tenders for 97.9 % of its 7.5 % convertible senior subordinated notes due April 15 , 1997 , and 96 % of its 11 % convertible senior [rel subordinated] [ARG1 debentures] due March 1 , 2006 .
- It also placed on CreditWatch for possible downgrade other securities , including the double-B-minus\/B rating of Crossland 's certificates of deposit and the single-B rating of its senior [rel subordinated] [ARG1 capital] notes .
- Automatic Data Processing Inc. plans *-1 to redeem on Nov. 16 its $ 150 million *U* of 6.5 % convertible [rel subordinated] [ARG1 debentures] due March 1 , 2011 .
- Waxman Industries Inc. said 0 holders of $ 6,542,000 *U* face amount of its 6 1\/4 % convertible [rel subordinated] [ARG1 debentures] , due March 15 , 2007 , have elected *-1 to convert the debt into about 683,000 common shares .
- So its senior executives are talking openly about *-1 possibly buying back some of the company 's $ 172.5 million *U* in [rel subordinated] convertible [ARG1 debentures] next year .
- Boatmen 's Bancshares Inc. -- $ 150 million *U* of 9 1\/4 % [rel subordinated] [ARG1 notes] due Nov. 1 , 2001 , priced * at 99.821 *-1 to yield 9.275 % .
- Sullivan Graphics Inc. , offering of $ 110 million *U* of senior [rel subordinated] [ARG1 notes] , via Merrill Lynch .
- Interlake Corp. , proposed offering of $ 200 million *U* of senior [rel subordinated] [ARG1 debentures] , via Goldman , Sachs & Co .
- InterMedia Capital Corp. , Robin Cable Systems L.P. and Brenmor Cable Partners , offering of senior [rel subordinated] discount reset [ARG1 debentures] , via Drexel Burnham Lambert Inc .
- At the time , Eagle reached a new credit agreement with Bankers Trust and with Bank Leumi Trust Co. of New York for $ 8 million *U* , and a new [rel subordinated] [ARG1 debt] accord with First Century Partners and Biny management for $ 2 million *U* .
- Yesterday , Prudential-Bache Securities Inc. said 0 it postponed a $ 220 million *U* senior [rel subordinated] [ARG1 debenture] offering by York International Corp .
- Petrolane Gas Service 's 13 1\/4 % debentures traded at 102 , after *-1 trading around par earlier this week , and RJR 's 13 1\/2 % [rel subordinated] [ARG1 debentures] of 2001 were at 101 5\/8 after *-2 trading at below par earlier this week .
- Moody 's Investors Service said 0 it lowered its rating on about $ 75 million *U* of this Chatsworth , Calif. , concern 's convertible [rel subordinated] [ARG1 debentures] , due 2012 , to Caa from B2 .
- The debt issues involved * and the proposed consent fees and cash tender offer prices -LRB- *-1 expressed * per $ 1,000 *U* of principal amount -RRB- are as * follows : 10 1\/2 % senior notes due 1994 at 101 % ; 11 % [rel subordinated] [ARG1 debt] due 1999 at 102 % ; 9 3\/8 % notes due 1993 at 100 % ; and 8 3\/8 % notes due 1996 at 95.25 % .
- The debt consists of $ 50 million *U* of 13 3\/8 % [rel subordinated] [ARG1 notes] due 1998 , and $ 25 million *U* of 9 % convertible subordinated debentures due 2012 .
- The debt consists of $ 50 million *U* of 13 3\/8 % subordinated notes due 1998 , and $ 25 million *U* of 9 % convertible [rel subordinated] [ARG1 debentures] due 2012 .
- NEW ENGLAND CRITICAL CARE Inc. offered $ 35 million *U* in convertible [rel subordinated] [ARG1 debentures] through Morgan Stanley & Co. and Prudential-Bache Capital Funding .
- Some so-called high-quality junk issues , such as R.H. Macy & Co. 's 14 1\/2 % [rel subordinated] [ARG1 debentures] , rose .
- The ratings concern said 0 it downgraded Beatrice notes , Euronotes and certain industrial revenue bonds to single-B-1 from Ba-3 and the company 's [rel subordinated] [ARG1 debentures] to single-B-3 from single-B-2 .
- MLX has filed a registration statement *ICH*-2 with the Securities and Exchange Commission covering a proposed offering of $ 120 million *U* in long-term senior [rel subordinated] [ARG1 notes] and warrants .
- BancOklahoma Corp. said 0 it completed a restructuring agreement previously agreed to * by the Federal Deposit Insurance Corp. , creditor banks and [rel subordinated] [ARG1 debenture] holders .
- Moody 's Investors Service Inc. said 0 it reduced its rating on $ 281 million *U* of senior and [rel subordinated] [ARG1 debt] of this thrift holding company , to C from Ca , *-1 saying 0 it believes 0 bondholders will recover only `` negligible principal . ''
- Moody 's Investors Service Inc. downgraded its ratings on the [rel subordinated] [ARG1 debt] of CenTrust to Caa from B-3 .