CUSIP 074027AF0

  • ISIN: US074027AF07
  • Entity Name: Beasley Higher Education Finance Corporation
  • Sector: Municipal Agency
  • Announcement Date: 15-Aug-2018
  • Effective Date: *****
  • Issue Date: *****
  • Maturity Date: 15-Aug-2021
  • Country of Issuer: United States
  • Region: N.Amer
  • Issue Currency: United States of America Dollars
  • CA Type: Partial Payment
  • News: THIS NOTICE CONTAINS IMPORTANT INFORMATION THAT IS OF INTEREST TO THE REGISTERED AND BENEFICIAL OWNERS OF THE BONDS. IF YOU RECEIVE THIS NOTICE AND ARE ACTING FOR A BENEFICIAL OWNER OF THE BONDS, PLEASE SEND THIS NOTICETO THE BENEFICIAL OWNER(S) IMMEDIATELY. UMB Bank, N.A. (the Trustee) is the Successor Trustee under that certain Trust Indenture and Security Agreement, dated as of May 1, 2011 (the Bond Indenture), between Beasley Higher Education Finance Corporation (Beasley) and Wells Fargo Bank, National Association (the Original Trustee), and is Successor Master Trustee under that certain Master Trust Indenture and Security Agreement dated as of May 1, 2011 (the Master Indenture), between FOCUS Learning Academy Incorporated (FOCUS) and the Original Trustee. The proceeds of the Bonds were lent to FOCUS pursuant to that certain Loan Agreement between Beasley and FOCUS (the Loan Agreement), which Loan Agreement has been assigned to the Trustee. The obligations of FOCUS were secured by, inter alia, that certain Deed of Trust (the DOT) between FOCUS and the Original Trustee, which DOT has been assigned to the Trustee. Capitalized terms not defined shall have the definitions ascribed them in the Bond Indenture or Master Indenture, as applicable. Bondholders were previously notified of the closing of the transaction to transfer the Collateral from FOCUS to Trinity Basin Preparatory, Inc. (TBP), on May 25, 2018 (the Closing). Contemporaneous with the Closing, FOCUS, TBP and the Trustee executed the Assignment and Assumption Agreement whereby FOCUS assigned and TBP assumed any rights, duties, liabilities and obligations of FOCUS under the Financing Documents,2 subject to the conditions set forth in the Forbearance Agreement. Copies of the Assignment and Assumption Agreement and the Forbearance Agreement are available from the Trustee upon request. The Trustee has received certain payments from TBP since the Closing in the amounts agreed to under the Forbearance Agreement. The amount received from TBP and distributed is $11,774.00. 1 No representation is made as to the correctness of the CUSIP numbers which are included solely for the convenience of the holders of the Bonds. 2 Financing Documents means collectively those documents in the closing transcript for the Bonds and those documents effective contemporaneously with FOCUSs sale to TBP of the Collateral. The amount distributed is less than the full amount of accrued interest due and payable. Outstanding unpaid principal continues to bear interest. Information including the amount of interest paid by CUSIP and accrued and unpaid interest is set forth in the table below. If you have any questions regarding this notice you may contact the Trustee at the following address: UMB Bank, n.a. Attention: Gordon Gendler 120 South Sixth Street, #1400 Minneapolis, Minnesota 55402 Phone: (612) 337-7002 Please note that UMB Bank may conclude that a specific response to particular inquiries from individual Holders is not consistent with equal and full dissemination of significant information to all Holders. Holders should not rely on UMB Bank as their sole source of information. UMB Bank makes no recommendations and gives no investment or legal advice to the above matters or as to the Bonds generally. UMB BANK, N.A., as Trustee CUSIP PRINCIPAL ACCRUED INTEREST INTEREST PAID INTEREST PER $1000 ACCRUED BUT UNPAID 074027AF0 $530,000.00 $34,450.00 $706.31 $1.332654 $ 33,743.69 074027AG8 $1,100,000.00 $79,750.00 $1,465.92 $1.332654 $ 78,284.08 074027AH6 $1,565,000.00 $117,375.00 $2,085.60 $1.332654 $115,289.40 074027AJ2 $5,525,000.00 $428,187.50 $7,362.91 $1.332654 $420,824.59 074027AK9 $115,000.00 $10,925.00 $153.26 $1.332654 $10,771.74
  • Description: Municipal Name: Beasley Higher Education Finance Corporation CUSIP: 074027AF0 Currency: USD Beasley Higher Education Finance Corporation announced today that it will pay the partial interest payment in the amount of USD 706.31 for Series of 2011A, Education Revenue Bonds.
  • Bond Document:
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