California Bill Allows Tobacco Debt Refinancing, as Well as New Deals

Saskal, Rich
September 2006
Bond Buyer;9/7/2006, Vol. 357 Issue 32461, p40
Trade Publication
The article reports on the approval of a legislative bill that enables the refinancing of Golden State Tobacco Securitization Corp. in California. The bill enables the state to secure more debt secured by the state's share with tobacco companies as agreed in the Master Settlement Agreement. Moreover, Governor Arnold Schwarzenegger announced that the money will be use to help finance the settlement.


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