61. Provisions that govern outstanding debt sometimes prohibit issuers from selling more securities while they have old ones outstanding. 62. Proceeds will be used to fund capital projects, refinance outstanding debt at lower interest rates and provide low cost mortgage loans. 63. Released from prison with a raft of outstanding gambling debts, Worm is eager to build himself a stake. 64. Proceeds from the sale will be used to reduce outstanding debt. 65. Schroeder has also moved more forcefully to settle an outstanding debt. 66. Rising rates also make it more expensive for all companies to borrow for expansion and repay outstanding debt. 67. The added supply could sop up investor demand and drive prices down on outstanding debt. 68. The amount of consumer debt outstanding seldom shrinks, but most Americans seem able to handle their increasing debt even though the delinquency numbers have risen recently. 69. The agency will use proceeds from the sale to refinance outstanding debt at lower interest rates. 70. The country also benefits by reducing its outstanding debt and extending its maturities. |