cram-down deal

cram-down deal
A merger in which stockholders are forced to accept undesirable terms, such as junk bonds instead of cash or equity, due to the absence of any better alternatives. Bloomberg Financial Dictionary

Financial and business terms. 2012.

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  • Cram-Down Deal — 1. A situation in which a creditor is forced to accept undesirable terms imposed by a court during a bankruptcy or reorganization. 2. A merger or acquisition with unfavorable terms, in which shareholders or debtors of the target company are… …   Investment dictionary

  • Cram down — A cram down or cramdown is the involuntary imposition by a court of a reorganization plan over the objection of some classes of creditors.[1] Contents 1 Home mortgage loans 2 Informal use 3 References …   Wikipedia

  • Cram-Up — A situation in which junior classes of creditors impose a cram down on senior classes of creditors during a bankruptcy or reorganization. In a cram up a company facing bankruptcy cannot force creditors to accept compromises to their claims… …   Investment dictionary

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