Founded in 1992 by senior executives with entrepreneurial, line operating, and bulge bracket investment banking experience.
During the month of March 2010, Avalon, as the sole placement agent, raised Frederick's of Hollywood Group Inc. $3mm in common stock and warrants.
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Offering
A distribution of securities from a company through a public offering or a private placement.
Offering Document
A document for either a public offering or a private placement that is prepared by a company and its advisors to present information about the company's business. See Memorandum.
Operating Lease
Generally, a short-term lease where the lease payments are less than 90% of the value of the underlying asset.
Optimum Capital Structure
The capital structure, including debt, preferred equity and common equity, which creates the lowest cost of capital.
Option
The right (but not the obligation) during a specified period to acquire a security or asset by paying an agreed amount of money (called the exercise price). The exercise price can be significant or nominal ($.001).
Original Basis
The amount originally paid for an asset or security, including any commission or fees paid. This original or cost basis is not the same as the Current Basis, which includes the cost of an asset plus any improvements, less any depreciation.
Original Issue Discount (OID)
A debt instrument originally issued at a lower price where the holder is to receive a higher amount at maturity. The issuer is required to amortize the difference, or OID, over the life of the security. A taxable investormay also be required o recognize a portion of OID as taxable income tax each year.
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