CUSIP 06956TAC1


  • ISIN: US06956TAC18
  • Entity Name: Barton County
  • Sector: Municipal
  • Announcement Date: *****
  • Effective Date: *****
  • Issue Date: *****
  • Maturity Date: *****
  • Country of Issuer: *****
  • Region: N.Amer
  • Issue Currency: *****
  • CA Type: Covenant Breach
  • News: On or about April 28, 2017, the Borrower notified the Trustee in writing that it had failed to fulfill all of its obligations under the Indenture during the fiscal year ending December 31, 2016. In particular, the Borrower notified the Trustee that it had failed to meet its Debt Service Coverage Ratio of 1.25, as set forth in Section 7.06 of the Indenture, and that it failed to satisfy the Days Cash on Hand requirement set forth in Section 7.06 of the Indenture, which requires that the Borrower maintain a Days Cash on Hand of 75 days. The Borrower notified the Trustee that its Debt Service Coverage Ratio was .87 times and that its Days Cash on Hand was 11.51.
  • Description: *****
  • Bond Document: https://www.bondpdf.com/
  • Latest Corporate Actions: https://www.CAalerts.com/credit-corporate-action/ISIN/US06956TAC18

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