TITLE

In Austin, $40M of Airport Hotel Bonds Remain in Default

AUTHOR(S)
Albanese, Elizabeth
PUB. DATE
April 2006
SOURCE
Bond Buyer;4/12/2006, Vol. 356 Issue 32359, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that bondholders who own about 40 million dollars of unrated Austin-Bergstrom Landhost Enterprises Inc. debt from Texas received interest payments amounting to only 65 percent of the expected amount in April 2006. According to a material event notice released on April 3, the corporation owed just over 1.3 million dollars in interest payments on April 1, but only had 1.271 million dollars in its revenue fund. The debt included a tranche of senior lien bonds totaled 38. 75 million dollars.
ACCESSION #
20517384

 

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