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  Other Transaction details: Fancamp will be granted anti-dilution rights to participate in future Platinex equity financings to purchase up to its proportionate share of such Shares for terms at least as favorable to Fancamp as to price and upon the terms provided to other subscribers in such financings In addition, Fancamp has agreed to vote for management or withhold from voting while the Option is effective Fancamp is also restricted from acquiring more than 9.5% of the issued and outstanding shares of Platinex (excluding the exercise of warrants held by Fancamp)

  The pension funds would invest the proceeds of the pension obligation bond sale  and hope to get returns that would outpace the interest owed. It would be one of the country’s largest issuances, but the idea is generally considered a major risk in the finance world, particularly for Chicago, which is already heavily leveraged. Mayoral candidate and state Rep. Kambium “Kam” Buckner has proposed looking at pension obligation bonds as part of a “tapestry” of solutions for underfunded pensions. He has also floated extending the payment schedule to give the city more time to meet its funding targets. “The problem is that the pension thing has been so sticky and so scary that people say, ‘Oh, well it’s too hard,’ and they walk away,” Buckner said. “But listen: Kicking the can down the road when the road leads to your front door is a problem.” To fund pensions, candidate Paul Vallas, the former Chicago Public Schools CEO, said he would increase returns by making more judicious inve...