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Analyzing FELINE PRIDES Security for CCI by Biranchi Prasad Sahoo is a document available to read on EtoBox.
What is Analyzing FELINE PRIDES Security for CCI about?
FELINE PRIDES is a type of hybrid security that combines characteristics of debt and equity. It is proposed as a financing solution for Cox Communications. Key points: 1. FELINE PRIDES are mandatorily convertible to common stock in 3 years, so they appear as equity on the balance sheet but have a debt-like coupon payment. 2. This hybrid security allows Cox to raise capital without diluting the Cox family
- Author
- Biranchi Prasad Sahoo
- Language
- EN