CUSIP 22502CAA8
- ISIN: US22502CAA80
- Entity Name: Crawford Health Facilities Development Corporation
- Sector: Municipal Agency
- Announcement Date: 02-Jan-2018
- Effective Date: 02-Jan-2018
- Issue Date: *****
- Maturity Date: 01-Jul-2024
- Country of Issuer: United States
- Region: N.Amer
- Issue Currency: United States of America Dollars
- CA Type: Unscheduled Draw
- News: Regions Bank is communicating the following to you in its capacity as trustee (the Trustee) under the Trust Indenture dated as of July 1, 2016 (the Indenture) for the above-referenced bonds (the Bonds) of the Crawford Health Facilities Development Corporation (the Issuer) and as the Dissemination Agent under the Continuing Disclosure Agreement (the Agreement) between Issuer, LLV1, LP (the Borrower), and Trustee, in its capacity as Dissemination Agent, dated as of July 1, 2016. Capitalized terms used herein but not defined herein shall have the respective meanings set forth in the Indenture. On January 2, 2018, the Trustee made an unscheduled draw on the Debt Service Reserve Fund for the purpose of paying accrued interest due to bondholders on January 1, 2018. The total amount due was $442,800.00. Of this amount $10,670.43 was paid from the Capitalized Interest Account, and $432,129.57 was paid from the Debt Service Reserve Fund. The Debt Service Reserve Fund balance after the draw is $627,311.76. Pursuant to the Indenture, the Required Reserve to be maintained in the Debt Service Reserve Fund is $1,050,000.
- Description: Municipal Name: Crawford Health Facilities Development Corporation CUSIP: 22502CAA8 Currency: USD Crawford Health Facilities Development Corporation today announced that the trustee has drawn the amount of USD 442,800.00 from the Debt Service Reserve Fund for the interest payment relating to the Series 2016A Taxable Revenue Bonds on January 2, 2018.
- Bond Document: https://www.bondpdf.com/
- Latest Corporate Actions: https://www.CAalerts.com/credit-corporate-action/ISIN/US22502CAA80
