ZYPS

AcronymDefinition
ZYPSZero Yield Puttable Securities (exchange offer)
References in periodicals archive ?
The total consideration paid to holders of the ZYPS is $1,000 in cash for each $1,000 principal amount of ZYPS tendered.
Under the indenture governing the ZYPS, each holder of ZYPS has the right to require the company to repurchase for cash such holder's ZYPS.
The Offer for the ZYPS will be made solely by, and subject to the terms and conditions set forth in, a Schedule TO (including the Offer to Purchase, related Letter of Transmittal and other Offer documents) that is being filed by the company today with the Securities and Exchange Commission.