TITLE

Obligors in St. Louis May Cover Shortfall to Make Debt Payment

AUTHOR(S)
Shields, Yvette
PUB. DATE
April 2006
SOURCE
Bond Buyer;4/24/2006, Vol. 356 Issue 32366, p44
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the consideration of the group who are obligated to repay the 98 million dollars of senior-lien bonds to cover a 500,000 dollars to one million dollars shortage in Saint Louis, Missouri. The said move will enable the obligators to pay the debt service amounting to 3.5 million dollars. The senior-lien bonds issued by the Industrial Development Authority was part of the financing scheme in the acquisition and renovation of the 266 million dollar hotel complex.
ACCESSION #
20607984

 

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