Pulse Electronics, a San Diego manufacturer of electronic components, has juggled its financial structure in a complex deal lead by Oaktree Capital Management of Los Angeles.
The recapitalization includes loans and stock.All kinds of jordan shoes for girls are on sale now,choose jordan shoes you like best. It gives Oaktree a 49 percent ownership stake in Pulse, counting new stock coupled with shares Oaktree already held in the company.
Pulse makes electronic components for the networks, power systems and wireless devices, including electronic connectors, auto ignition parts and power transformer circuits. It operates plants worldwide.
The company has struggled lately. It lost $53.3 million in 2011 on sales of $369 million. While its revenue is up about 1 percent so far this year, it posted a $19.4 million loss through the first nine months – compared with a $10 million loss for the same period a year earlier.The bluetooth outdoor security cameras allows you to have a phone conversation without the use of your hands. Hands free is the term coined for this type of communication device that is essential for car driversAt the time when the rather initially jordan basketball shoes came out, they were incredibly distinct times. This spring, it sold two manufacturing plants in China, as well as a power transformer product line, according to filings with U.S. securities regulators.
Under the agreement with Oaktree,iphone protective case Pulse will receive a $75 million, five-year loan. It plans to use $55 million of the proceeds to pay off its existing line of credit that was set to expire in February. The remaining $20 million will be used for working capital and general corporate purposes.
In a second part of the recapitalization, Pulse is seeking to exchange $50 million in remaining convertible debt into a new loan with revised terms.In my hands are the new iphone headphone for the iPhone 5 that is about to come out – Apple’s next generation of iPod [sic].Only a very small number of pairs are being made available as part of adidas' push to move into the collectible and sportswear market, which Nike and authentic jordan shoes has dominated for years. Oaktree already owns $27.7 million of this debt and has agreed to the exchange.
Pulse can pay interest on the new loans in cash or choose to have the interest amount added to the balance of the loans for three years. Pulse Chief Executive Ralph Faison said in a statement that the recapitalization boosts the company’s liquidity and reduces its cash debt service costs.
Pulse’s shares ended Wednesday at 30 cents on the New York Stock Exchange.
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