'Smart Refinancing' Showcases Battery Park City Credit Strengths

McDonald, Michael
January 2005
Bond Buyer;Deal of The Year Awards, p16
Trade Publication
Focuses on the development of Battery Park City in New York City that was refinanced by the billion dollar bond sale, which helped ease the city's budget. Reason of the state's Hugh L. Carey Battery Park City Authority in structuring the billion dollar offering; Sale of the fixed-rate bonds which had a final maturity of 2026; Remark of Governor George Pataki on the prudent use of the authority's resources to benefit the city.


Related Articles

  • How to secure better credit terms. Birkett, Nigel // Travel Trade Gazette UK & Ireland;1/9/2009, Issue 2848, p17 

    The article gives advice on how a company can improve its status as a candidate for refinancing or restructuring. According to the author, a company should have a strong management and its directors should demonstrate how the company can defend its market position and margins through a downturn....

  • TTFA Selling $2.8B. Squire, Aurin // Bond Buyer;5/22/2006, Vol. 356 Issue 32386, p35 

    The article reports on the plan of the New Jersey Transportation Trust Fund Authority to sell 2.8 billion dollar bonds for use in debt restructuring and refinancing. Proceeds will also be used for renovation and repairs for highways and bridges. According to Fitch Ratings Inc., the offering will...

  • The HIPC Debt Relief Bill: making forgiveness compulsory. Hughes, Sophie; James, Simon; Yianni, Andrew; Zandstra, Deborah // Law & Financial Markets Review;May2010, Vol. 4 Issue 3, p269 

    Debt relief to the world's poorest countries has been an issue since the launch of the Heavily Indebted Poor Countries (HIPC) Initiative in the 1990s. Draft UK legislation - the Debt Relief (Developing Countries) Bill - seeks to introduce a mandatory element to debt relief under the HIPC...

  • Petroplus administrators set out proposals for Coryton.  // Forecourt Trader;Apr2012, p4 

    The article looks at the proposal of Coryton refinery owner Petroplus administrators on the possibility of selling the Essex refinery and closure if restructuring and refinancing their loan would not be possible.

  • New Jersey Sells $3.6B of Tobacco Debt. Posner, Matthew; Kaske, Michelle // Bond Buyer;1/24/2007, Vol. 359 Issue 32553, p1 

    The article reports on the selling of $3.6 billion bond of tobacco debt by the state of New Jersey. The effort made by the state is to avoid potential legal challenges. It is also to secured a new source of state revenue after refinancing and restructuring its tobacco settlement-backed debt of...

  • Oakdale, Calif., Restructuring Debt, Planning Rate Raise After Default. Webster, Keeley // Bond Buyer;9/11/2012, Vol. 121 Issue 33780, p1 

    The article offers information that the officials of Oakdale, California are scrambling for debt restructuring and planning to raise sewer rates. The city missed a debt service payment on August 31, 2012 on an unrated state revolving fund loan secured on a parity basis with the 2002 sewer...

  • Financings Roundup.  // BioWorld Today;7/3/2008, Vol. 19 Issue 129, p6 

    The article discusses how Enzon Pharmaceuticals Inc. (EPI) of Bridgewater, New Jersey eliminated its remaining 2008 debts. This was done by restructuring and refinancing all of its 2008 debts amounting to $400 million in outstanding 4.5 percent convertible subordinated notes falling due. In...

  • EDITORIAL.  // Revista Contable;abr2014, Issue 21, p3 

    No abstract available.

  • Trade Settlement Launches Distressed Settlement Platform. Kellerhals, Richard // High Yield Report;3/1/2010, Vol. 21 Issue 9, p15 

    The article announces a settlement platform launched for the distressed loan market by Trade Settlement, a provider of electronic platforms and other settlement services for the primary and secondary loan markets. It notes that the platform offers users and their agents the ability to prepare...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics