Why is it called a stalking horse?

Sommario:

1. Why is it called a stalking horse?
2. What is a stalking horse person?
3. What is stalking horse agreement?
4. Is a stalking horse bid binding?
5. What is the meaning of the phrase dark horse?
6. What is a stalking house?
7. Who is most likely to play the role of stalking horse in a section 363 merger or acquisition?
8. Is dark horse an insult?
9. What does the black horse represent in the Bible?
10. How long does a 363 sale take?
11. What is a dip account?
12. What does seeing a black horse mean?
13. What does it mean if someone is a dark horse?
14. What does horse symbolize in the Bible?
15. What does the white horse represent in Revelation?
16. How does a stalking horse bid work?
17. What is a stalking horse 363 sale?
18. How does a DIP loan work?
19. What is Junior dip?
20. Is a white horse a symbol of death?

Why is it called a stalking horse?

The initial bidder with whom the debtor negotiates a purchase agreement is called the "stalking horse" bidder. The term is an old hunting term referring to either a real horse or an image of a horse (typically some type of screen) behind which a hunter would hide to conceal himself from, and get closer to, his prey.

What is a stalking horse person?

From Wikipedia, the free encyclopedia. A stalking horse is a figure used to test a concept or mount a challenge on behalf of an anonymous third party. If the idea proves viable or popular, the anonymous figure can then declare its interest and advance the concept with little risk of failure.

What is stalking horse agreement?

In the context of section 363 sales in bankruptcy, a stalking horse is a bidder used to set the purchase price floor so other bidders can know the minimum to bid for the target company. ... The opportunity to negotiate the basic contract terms and structure of the transaction and the bidding procedures.

Is a stalking horse bid binding?

Serving as a stalking horse bidder has some risk. ... Once the bankruptcy court approves the stalking horse agreement, it becomes binding on all parties and difficult, if not impossible, to renegotiate. Third, the stalking horse may be outbid at the auction.

What is the meaning of the phrase dark horse?

A dark horse is a previously less known person or thing that emerges to prominence in a situation, especially in a competition involving multiple rivals, or a contestant that on paper should be unlikely to succeed but yet still might.

What is a stalking house?

In its most basic form, house stalking might simply mean driving past a favored house from time to time and craning one's neck to see its architectural details or the way it sits on its perfectly manicured grounds.

Who is most likely to play the role of stalking horse in a section 363 merger or acquisition?

The Section 363 transaction often begins with a prospective acquirer ("the stalking horse") targeting a distressed company and buying its debt. the buyer will not have exclusivity because the seller is given the right to shop the sale to other buyers.

Is dark horse an insult?

If you describe someone as a dark horse, you mean that people know very little about them, although they may have recently had success or may be about to have success.

What does the black horse represent in the Bible?

The first horseman, a conqueror with a bow and crown, rides a white horse, which scholars sometimes interpret to symbolize Christ or the Antichrist; the second horseman is given a great sword and rides a red horse, symbolizing war and bloodshed; the third carries a balance scale, rides a black horse, and symbolizes ...

How long does a 363 sale take?

4 - 20 days. A 363 Sale motion is filed with the Bankruptcy Court for approval of the transaction including approval of bidding procedures and break-up fees. The Bankruptcy Court approval generally takes place in two stages, as described below.

What is a dip account?

A debtor in possession (DIP) is a person or corporation that has filed for Chapter 11 bankruptcy protection but still holds property to which creditors have a legal claim under a lien or other security interest. ... The DIP must also keep precise financial records, insure any property, and file appropriate tax returns.

What does seeing a black horse mean?

A black horse as a spirit animal symbolizes strength and passion that will carry you through the most difficult of times. If your horse spirit animal is black, you can count on them to be there when you need them the most. Black horses may tend to be wilder than most. And they never lose that wild streak.

What does it mean if someone is a dark horse?

1a : a usually little known contender (such as a racehorse) that makes an unexpectedly good showing. b : an entrant in a contest that is judged unlikely to succeed. 2 : a political candidate unexpectedly nominated usually as a compromise between factions.

What does horse symbolize in the Bible?

Biblical horses symbolize war, power, and glory. They are referenced as symbols of force, strength, and the status of a King or Country. When peace comes over a territory, the horses are put away. ... Although horses typically symbolize war in the Bible, it also represents determination and a new beginning.

What does the white horse represent in Revelation?

Some interpretations identify the four horsemen of the apocalypse's first horseman, the rider of the white horse, as Jesus Christ. Evidence for this claim includes the horse's colour (white as a representation of righteousness) and Christ's later appearance in the Book of Revelation atop a white horse.

How does a stalking horse bid work?

A stalking-horse bid is an initial bid on the assets of a bankrupt company. The bankrupt company will choose an entity from a pool of bidders who will make the first bid on the firm's remaining assets. The stalking horse sets the low-end bidding bar so that other bidders can not underbid the purchase price.

What is a stalking horse 363 sale?

Often, the section 363 sales process starts prior to the commencement of the target's bankruptcy case. The target often will market its assets to potential purchasers outside of the bankruptcy process and then select the highest and best bid to serve as the “stalking horse” bid.

How does a DIP loan work?

Debtor-in-possession (DIP) financing is financing for firms in Chapter 11 bankruptcy that allows them to continue operating. ... Lenders permit DIP financing as it allows a firm to continue operations, reorganize, and eventually pay off debts.

What is Junior dip?

Junior DIP Financing: a DIP Financing to the Obligors in any Insolvency Proceeding so long as the Liens securing such DIP Financing are junior and subordinate in priority in all respects to the Liens securing the ABL Obligations.

Is a white horse a symbol of death?

White horse symbolism is present in the Bible as a sign of death. The black horse's meaning is the same with an addition of evil and destructive characteristics. But black horse symbolism combined with the symbolism of a white horse is an image of both life and death.