TITLE

Toll Road Courts Investors

AUTHOR(S)
Jensen, Randall
PUB. DATE
April 2011
SOURCE
Investment Dealers' Digest;4/29/2011, Vol. 77 Issue 16, p9
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that the San Joaquin Hills Transportation Corridor Agency (TCA) in Orange County, California seeks aid from investors towards the restructure of its bonds to maintain debt-service payment increase in check. It mentions that the agency asks bondholders to extend the maturity dates on its toll-road debt. It also notes that all holders are required to accept indenture changes that notably modifies the debt service coverage ratio demand of the agency to 1.0 times.
ACCESSION #
60364288

 

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