SEC Permits Reliance on Section 3(a)(9) for Exchanges of Securities Guaranteed by Subsidiaries | Practical Law

SEC Permits Reliance on Section 3(a)(9) for Exchanges of Securities Guaranteed by Subsidiaries | Practical Law

An update on the SEC's no-action letter allowing reliance on Section 3(a)(9) of the Securities Act of 1933, as amended, for issuance of a new parent security in exchange for an old parent security guaranteed by wholly-owned subsidiaries.

SEC Permits Reliance on Section 3(a)(9) for Exchanges of Securities Guaranteed by Subsidiaries

by PLC Corporate & Securities
Published on 14 Jan 2010 • USA (National/Federal)
An update on the SEC's no-action letter allowing reliance on Section 3(a)(9) of the Securities Act of 1933, as amended, for issuance of a new parent security in exchange for an old parent security guaranteed by wholly-owned subsidiaries.