Denver Aquarium Sees Deal With Investors by January 1
- Denver Mayor Won't Spend City Dollars on Aquarium. Albanese, Elizabeth // Bond Buyer;3/11/2002, Vol. 339 Issue 31341, p34
Reports that aquarium officials at Denver, Colorado-based Ocean Journey will be negotiating with investors who hold the facility's $57 million of defaulted revenue bonds because of the state government's refusal to help the facility through its financial crisis. Record of Ocean Journey in debt...
- Ocean Journey Creditors Catch Windfall, Thanks to Bondholders' Runoff. Albanese, Elizabeth // Bond Buyer;3/26/2004, Vol. 347 Issue 31850, p3
Reports on the money received by the Ocean Journey aquarium from their claims. Interim payment received by creditors; Investment of bondholders in revenue bonds; Issuance of unrated bonds.
- COLORADO: Troubled Waters. Albanese, Elizabeth // Bond Buyer;10/23/2001, Vol. 338 Issue 31249, p35
Analyzes the financial strength of Colorado-based company Ocean Journey Aquarium in disposing off its outstanding debt payment on revenue bonds. Prospects of a refinancing deal according to Ocean Journey president Doug Townsend; Conduit issuer and bond counsel of the original deal; Source from...
- Ocean Journey Bondholders Getting $2.24 Million from U.S. Bank. Albanese, Elizabeth // Bond Buyer;10/15/2003, Vol. 346 Issue 31740, p3
Reports on the decision of the U.S. Bank to forward payments to investors who hold failed revenue bonds issued to finance Ocean Journey's aquarium in Denver, Colorado. Issuance of unrated bonds; Percentage of coupon rates; Completion of other outstanding Ocean Journey debt.
- Bailout Rumors Swirl as Denver Aquarium Struggles to Pay Bills. Albanese, Elizabeth // Bond Buyer;7/30/2001, Vol. 337 Issue 31191, p38
Focuses on the bond rumors involving Six Flags and the Ocean Journey in Denver, Colorado. Technical default reported by Ocean Journey; Impact of the rumors on the aquarium bond holders; Discussion for possible remedies.
- Fears over sukuk must be quelled. // MEED: Middle East Economic Digest;12/11/2009, Vol. 53 Issue 50, p7
The article informs that increasing economic difficulties in the Middle East pose serious doubt on the viability of sukuk (Islamic bond) for the construction industry in the near future. Investors are particularly concerned what will happens in the case of a default. It has been stated that...
- Miami-Dade Warning Investors Of Defaulting Health Care Bonds. Sigo, Shelly // Bond Buyer;4/14/2005, Vol. 352 Issue 32111, p1
Reports that Miami-Dade County, Florida is issuing a notice to investors describing what it considers a default on outstanding bonds the county has issued on behalf of the financially troubled Public Health Trust. Role of the trust as governing board for Jackson Memorial Hospital and other...
- Sukuk face crisis of confidence. Hancock, Meussa // MEED: Middle East Economic Digest;12/11/2009, Vol. 53 Issue 50, p26
The article informs that businesses in the Middle East are coping with defaults on major sukuk (Islamic bonds) issues including Nakheel and Saad. Despite it, sukuk issues are popular with issuers and investors. The International Finance Corp. listed a 100m dollar sukuk on Nasdaq Dubai, Dubai...
- An Analysis of Defaults of Long-term Rated Debts. Gill, Suveera // Vikalpa: The Journal for Decision Makers;Jan-Mar2005, Vol. 30 Issue 1, p35
Lately, the credit rating agencies have been the subject of significant criticism for failing to warn the investors credit rating of the defaults well in advance. Investors in long-term debt instruments are usually risk averse, buy-and-hold types; and hence, for them, the variability of...