Among the current broadly syndicated loan issuers who are also issuing senior secured notes or bonds, Fitch typically has seen the senior secured loan and senior secured bond
secured by the same collateral and would expect the same recovery given a default scenario.
Witan's total long-term debt has risen to GBP146 million with the issue of a GBP100 million secured bond
in November 2000.
NEW YORK -- Fitch Ratings has affirmed Orange Cogen Funding Corporation's (OC Funding) senior secured bonds
) due 2022 with $91.
NEW YORK -- Fitch Ratings has affirmed the 'BBB-' rating for CE Generation LLC's (CE Gen) $400 million secured bonds
(the secured bonds
) due 2018, with $219 million currently outstanding.
Ras Gas (II) USD1,400m Series A senior secured bonds
due 2020: affirmed at 'A+'; Outlook Stable
InterOil has been in default under the loan agreement governing the Senior Secured Bonds
(and bondholders have been awaiting payment from InterOil) since May of 2009.
The senior secured bonds
will be issued at a public offering price of 99.
New York City Transitional Finance Authority (NY) future tax secured bonds
series fiscal 1999A (refunded with new CUSIPs assigned);
22,325,000 sales tax and state aid secured bonds
, series 2011B, 'AA+';
64% Series A-1 Senior Secured Bonds
due 2019 were issued.
32% Senior Secured Bonds
due 2007 (the "2007 Bonds") and 9.
As a result, OYFCP is not able to make the interest payment aggregating approximately $17 million due today on its outstanding Series 1 and Series 2 secured bonds
in the aggregate principal amount of $325 million.
When issued, new secured bonds
under this indenture will rank superior to BGE's outstanding senior unsecured notes and debentures rated 'BBB+'.
Pursuant to the TFA indenture, since building aid is TFA revenue it must be available first to TFA future tax secured bonds
issued prior to the first issuance of building aid revenue bonds.
125% senior secured bonds
issued by PPL Electric Utilities Corp.