Jan 12, 2022 23:09
2 yrs ago
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English term

Backstop Shareholders Backstop Agreement

English to Portuguese Law/Patents Law: Contract(s)
Context: Backstop Shareholders Backstop Agreement means an agreement reflecting the terms and conditions on which the Backstop Shareholders will backstop the New Convertible Notes Offering with respect to the New Convertible Notes Class B and $xxx million of the XXX Rights Offering (in each case up to the Backstop Shareholders Cap), acceptable in form and substance to the Backstop Shareholders and the Debtors, which shall be agreed and executed by the Debtors and the Backstop Shareholders.

Nunca tinha visto o termo "backstop" antes. Existe uma entrada aqui no Proz para um termo semelhante, mas é muito antiga e não acho que se enquadra neste contexto. Alguma ideia? Desde já agradeço!
Change log

Jan 13, 2022 10:32: Adrian MM. changed "Language pair" from "Portuguese to English" to "English to Portuguese"

Discussion

Talvez ajude... As novas acções ordinárias que não forem subscritas durante o período de exercício dos direitos de preferência pelos titulares de acções ordinárias e/ou acções preferenciais serão subscritas pelos investidores "backstoppers" (investidores que assumiram o compromisso firme de garantir a subscrição da totalidade do aumento de capital).
https://www.jornaldenegocios.pt/empresas/telecomunicacoes/de...

Proposed translations

1 hr

Contrato de backstop entre investidores backstoppers (ou acionistas)

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8 hrs

Contrato de underwriting residual / (ou) com garantias de sobra)

O backstop shareholders agreement (também se usa standby underwriting agreement, standby shareholders agreement, residual underwriting agreement e strict underwriting agreement) é um contrato entre uma sociedade que vai lançar uma Oferta Pública de Venda de ações e (uma) entidade(s) que se oferece(m) a comprar todas as ações não subscritas pelo público e/ou pelos underwriters de melhores esforços (ou underwriters firmes) na OPV. Assim, é um tipo de underwriting de último recurso.

"standby underwriting; standby commitment underwriting; strict underwriting →
underwriting residual; underwriting com garantias de sobra."

Dicionário Marcílio, Nov. 2020, p2635
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15 hrs

acionista de garantia

sugestão

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Note added at 15 horas (2022-01-13 14:51:33 GMT)
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A backstop operates in the form of insurance. It offers an assurance that a specific offering amount will be bought by an organization in case the offering’s portion is unsold in the open market. Generally, sub-underwriters that represent the organization, enter in an agreement that refers to as a contract or an underwriting deal.. Read more at: https://www.fincash.com/l/basics/back-stop
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Reference comments

5 hrs
Reference:

backstop

O termo backstop é usado em Finanças e se refere a “o ato de fornecer suporte ou segurança de último recurso em uma oferta de valores mobiliários para a parcela não subscrita de ações. Uma empresa tentará obter o capital através de uma emissão e, para garantir o valor recebido através de emissão, a empresa receberá um backstop de um subscritor ou acionista principal para comprar qualquer uma das ações não subscritas” (INVESTOPEDIA, [20--?], tradução nossa).

https://www.researchgate.net/publication/322848420_O_backsto...
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8 hrs
Reference:

Backstop purchaser/shareholder

A backstop purchaser, also called a standby purchaser, is an entity that agrees to buy all the remaining, unsubscribed securities from a publicly traded company’s rights offering, or issue.

When called upon, a backstop purchaser functions as a form of insurance. In exchange for a fee, they provide security, guaranteeing that all of the newly issued shares will be purchased. In other words, the company behind the issue can be sure of fulfilling its fundraising requirements, regardless of open market activity.

KEY TAKEAWAYS
A backstop purchaser is an entity that agrees to purchase all the remaining, unsubscribed securities from a rights offering.
In exchange for a fee, they guarantee companies that their capital requirements will be met.
Backstop purchasers are usually called on after other underwriting parties have failed to sell all of the shares at a discount to the public.
They don’t come cheap and tend to charge a premium for the risks they take on.

https://www.investopedia.com/terms/b/backstop_purchaser.asp
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