Lombard, Ill., Project Has Tender Issues

Shields, Yvette
May 2011
Investment Dealers' Digest;5/6/2011, Vol. 77 Issue 17, p9
Trade Publication
The article discusses tender bond issue faced by the Illinois-based Lombard Public Facilities Corp. (LPFC) in relation to financing the 500-room Westin Lombard hotel. It says that LPFC is seeking for more time in restructuring the plan and exploring options after the result led to insufficient tendered bonds from too few investors, despite the tender invitation has been extended. It also highlights the debt service payment, village support for A bonds, and reserves.


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