13 C.F.R. · Business Credit and Assistance
13 C.F.R. § 107.1585

Exchange of Debentures for Participating Securities.

Title 13 C.F.R. ● ACTIVE Primary Source
Regulatory Text

13 C.F.R. § 107.1585 — Exchange of Debentures for Participating Securities.

§ 107.1585 Exchange of Debentures for Participating Securities. You may, in SBA's discretion, retire a Debenture through the issuance of Participating Securities. To do so, you must: (a) Obtain SBA's approval to issue Participating Securities; (b) Pay all unpaid accrued interest on the Debenture, plus any applicable prepayment penalties, fees, and other charges; (c) Have outstanding Equity Capital Investments (at cost) equal to the amount of the Debenture being refinanced; and (d) Classify all your existing Loans and Investments as Earmarked Assets. [63 FR 5869, Feb. 5, 1998]

Source: ecfr.gov · govinfo.gov — public domain Official Source ↗
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BS-CFR13-SEC-840D36
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boisestandard.org
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13 C.F.R. § 107.1585
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The regulatory text of 13 C.F.R. § 107.1585 is reproduced from the official Code of Federal Regulations as published by the Office of the Federal Register and the National Archives and Records Administration.
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