CUSIP 074027AJ2
- ISIN: US074027AJ29
- Entity Name: Beasley Higher Education Finance Corporation
- Sector: Municipal Agency
- Announcement Date: *****
- Effective Date: *****
- Issue Date: *****
- Maturity Date: *****
- Country of Issuer: *****
- Region: N.Amer
- Issue Currency: *****
- CA Type: Coupon Default
- News: 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 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 Wells Fargo Bank, National Association. The proceeds of the Bonds were lent to FOCUS pursuant to that that certain Loan Agreement between Beasley and FOCUS (the Loan Agreement), which Loan Agreement has been assigned to the Trustee. The obligations of FOCUS are 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 that the Borrower voluntarily filed a bankruptcy petition under Title 11 of the United States Code (the Bankruptcy Proceeding). The Bankruptcy Proceeding remains outstanding. The debt service payment due on February 15, 2018 is not being paid at this time.
- Description: *****
- Bond Document: https://www.bondpdf.com/
- Latest Corporate Actions: https://www.CAalerts.com/credit-corporate-action/ISIN/US074027AJ29
