TITLE

Lombard, Ill., Project Has Tender Issues

AUTHOR(S)
Shields, Yvette
PUB. DATE
May 2011
SOURCE
Investment Dealers' Digest;5/6/2011, Vol. 77 Issue 17, p9
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
61061146

 

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