CUSIP 240463JY6
- ISIN: US240463JY60
- Entity Name: Development Authority of Dekalb County
- Sector: Municipal Agency
- Announcement Date: 23-May-2016
- Effective Date: *****
- Issue Date: *****
- Maturity Date: 01-Jul-2041
- Country of Issuer: United States
- Region: N.Amer
- Issue Currency: United States of America Dollars
- CA Type: Principal Deferral
- News: Reference is made to (i) that certain Trust Indenture dated as of September 1, 2014 (the Indenture), by and between Development Authority of DeKalb County (the Issuer) and Wilmington Trust, National Association, as trustee (the Trustee) and (ii) that certain Loan Agreement dated as of September 1, 2014 (the Loan Agreement), by and between the Issuer and Ivy Preparatory Academy, Incorporated (the Borrower), which Loan Agreement was assigned to the Trustee. The Indenture and the Loan Agreement each relate to the Issuers $12,910,000 Charter School Revenue Bonds (Ivy Preparatory Academy, Incorporated Project), Series 2014A (the Series 2014A Bonds) and $875,000 Charter School Taxable Revenue Bonds (Ivy Preparatory Academy, Incorporated Project), Series 2014B (the Series 2014B Bonds and together with the Series 2014A Bonds, the Bonds). Capitalized terms used herein and not otherwise defined herein shall have the meanings ascribed to such terms in the Loan Agreement or the Indenture, as applicable. NOTICE IS HEREBY GIVEN to the Holders of all the above outstanding Series 2014B Bonds that, Hamlin Capital Management, LLC, as the Bondholder Representative of at least 66 2/3% of the Beneficial Owners of the Bonds (Hamlin), has directed the Trustee to defer the $120,000 mandatory sinking fund installment payment due on the Series 2014B Bonds on July 1, 2016 (the Deferred Principal Amount) to July 1, 2021 so that the principal payment due on the Series 2014B Bonds on July 1, 2021 shall be equal to $280,000. For Bond Document please visit www.BondPDF.com
- Description: Municipal Name: Development Authority of Dekalb County CUSIP: 240463JY6 Currency: USD Development Authority of Dekalb County announced today that it has partially deferred its Principal payment which is scheduled on July 1, 2016 for its Series 2014B Bonds.
- Bond Document: https://www.bondpdf.com/
- Latest Corporate Actions: https://www.CAalerts.com/credit-corporate-action/ISIN/US240463JY60
