noteholder

[noht-hohl-der]

noun

1. a person who holds or owns a note, as a promissory or Treasury note.

Word History and Origins

Origin of noteholder¹

First recorded in 1925–30; note + holder

Example Sentences

They can set up the sale of the mortgage to a noteholder that allows this and understands it’s likely to happen.

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With the noteholder agreement, the company has "an exit path from Chapter 11 as a deleveraged business, poised for continued growth," Fox said in the filing.

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This provides a strong incentive for noteholders to tender into the exchange, since “holding out” in the old notes means being left with notes that provide very little protection for the noteholder.

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Instead, Covenant Review notes that the exchange offer proposes to briefly swap term loan lenders into the old notes — where they will then consent to the noteholder’s exchange offer — before finally receiving their promised recovery under the term loan exchange offer.

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So the term loan lenders will be also noteholders for a nanosecond, and during that time they will help tip the noteholder vote in favor of the exchange offer and stripping out the covenants.

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