Net proceeds from the issuance of the notes will be used to purchase a portfolio of approximately $1,050 million of leveraged loans and senior secured bonds
Orange Cogen unconditionally guarantees the secured bonds
of OC Funding.
CE Gen is a special purpose holding company created solely to issue the secured bonds
and hold the equity interests in 13 generating assets with an aggregate net ownership interest of 770 MWs.
RasGas (3) USD750m Series C senior secured bonds
due 2016: affirmed at 'A+'; Outlook Stable
have entered into a conditional agreement (the "Conditional Agreement") pursuant to which West Face will launch a tender offer for the shares of InterOil not held by the InterOil Principals and contribute to the repayment of the Senior Secured Bonds
Fitch has also withdrawn the implied 'AA+' long-term rating on the ECFSA's sales tax & state aid secured bonds
Payment by OYFCP of principal and interest on the secured bonds
has been and remains ultimately dependent on payments by O&Y.
may be issued from time to time in an aggregate principal amount not exceeding the sum of: 65% of the cost or fair value to BGE (whichever is less) of electric distribution property additions: and the aggregate principal amount of retired secured bonds
, as defined; and cash deposited with the trustee.
In addition to previously outstanding TFA future tax secured bonds
, the payment of building aid is also subject and subordinate to certain other prior statutory and state constitutional claims.
In addition, the senior secured bonds
of Sithe Independence Funding Corp, a separately secured project financed entity owned by DNY, have been upgraded to 'BB' from 'BB-'.
Both the subordinated notes and the 'BBB-' rated $375 million senior secured bonds
due 2019 remain on Rating Watch Positive.
750 million senior secured bonds
, series 2004A through 2004I (auction rate), due 2024 at 'A-';