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

Shields, Yvette
April 2006
Bond Buyer;4/24/2006, Vol. 356 Issue 32366, p44
Trade Publication
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.


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