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Schedule of Junior Subordinated Notes Payable Exchange Agreement (Details) (USD $)
In Thousands, unless otherwise specified |
Jan. 29, 2010
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Apr. 30, 2009
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|---|---|---|
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Junior Subordinated Debt
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| Outstanding face amount - Exchange Transaction | $ 52,094 | $ 101,700 |
| Weighted average coupon rate - Exchange Transaction | 7.754%; LIBOR + 2.25% AFTER 2016 | |
| Maturity - Exchange Transaction | 2035-04 | |
| Collateral - Exchange Transaction | General Credit of Newcastle | |
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Cash
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| Outstanding face amount - Exchange Transaction | 9,715 | |
| Weighted average coupon rate - Exchange Transaction | N/A | |
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CDO Bonds
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| Outstanding face amount - Exchange Transaction | 37,625 | |
| Weighted average coupon rate - Exchange Transaction | LIBOR + 0.66%; weighted average effective interest rate of approximately LIBOR + 0.35% after Exchange | |
| Maturity - Exchange Transaction | 2052-06 | |
| Collateral - Exchange Transaction | Assets within the respective CDOs | |
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Total Consideration Received
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| Outstanding face amount - Exchange Transaction | $ 47,340 |
| X | ||||||||||
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- Definition
The collateral of junior subordinated notes extinguished and CDO Bonds reissued in the Exchange Transaction. No definition available.
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| X | ||||||||||
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- Definition
The year and month of maturity of junior subordinated notes extinguished and CDO Bonds reissued in the Exchange Transaction. No definition available.
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| X | ||||||||||
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- Definition
The face amount of junior subordinated notes and consideration exchanged in the Exchange Transaction on January 29, 2010. No definition available.
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| X | ||||||||||
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- Definition
Information pertaining to the weighted average coupon rate of junior subordinated notes and consideration exchanged in the Exchange Transaction on January 29, 2010. No definition available.
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