CUSIP 594698MS8


  • ISIN: US594698MS86
  • Entity Name: Michigan Strategic Fund
  • Sector: Municipal Agency
  • Announcement Date: *****
  • Effective Date: *****
  • Issue Date: *****
  • Maturity Date: *****
  • Country of Issuer: *****
  • Region: N.Amer
  • Issue Currency: *****
  • CA Type: Amendment of Indenture
  • News: In connection with the issuance of the $13,275,000 Michigan Strategic Fund Limited Obligation Subordinate Revenue Bonds (Detroit Renewable Power Project), Series 2016 on June 2, 2014, the Michigan Strategic Fund (the Issuer), amended and restated the Trust Indenture dated as of July 1, 2013 (Original Indenture), by the executing the Amended and Restated Trust Indenture dated as of June 1, 2016 (Amended and Restated Indenture) each between the Issuer and The Bank of New York Mellon Trust Company, N.A., as trustee (the Trustee). The Issuer also executed the Amendment to First Supplemental Indenture of Trust dated June 1, 2016 (the Amendment to the First Supplemental Indenture), amending the First Supplemental Indenture dated as of December 1, 2014 (the First Supplemental Indenture), supplementing and amending the Original Indenture, each between the Issuer and Trustee. Prior to such date, the Issuer had issued under the Original Indenture, as amended and supplemented, and there was outstanding its Limited Obligation Revenue Bonds (Detroit Renewable Power Project), Series 2013 (the DRP Bonds) issued in the initial principal amount of $27,535,000, its Limited Obligation Revenue Bonds (Detroit Thermal Project), Series 2013 (the DT Bonds) issued in the initial principal amount of $27,535,000 and its Limited Obligation Revenue Bonds (Detroit Renewable Power Project), Series 2014 issued in the initial principal amount of $6,760,000 ( the ""Series 2014 Bonds"", together with the DRP Bonds and the DT Bonds, the Prior Bonds). The Issuer loaned the proceeds of each series of Prior Bonds to the Borrower (defined below) pursuant a Loan Agreement, dated as of July 1, 2013 (Original Loan Agreement), among and between the Issuer, Detroit Renewable Energy LLC, Detroit Renewable Power LLC, Resource Recovery Business Trust 1991-A, Resource Recovery Business Trust 1991-B and Detroit Thermal, LLC to Detroit Renewable Energy LLC, Detroit Renewable Power LLC, Resource Recovery Business Trust 1991-A, and Resource Recovery Business Trust 1991-B (each individually and collectively, the Borrower), as amended and supplemented by a First Supplemental Loan Agreement, dated as of December 1, 2014, (the First Supplemental Loan Agreement together with the Original Loa n Agreement, the Loan Agreement) between the Issuer and the Borrower named therein, supplementing and amending the Original Loan Agreement. The Issuer amended the Original Loan Agreement and the First Supplemental Loan Agreement, respectively, by executing an Amended and Restated Loan Agreement dated June 1, 2016 (the Amended and Restated Loan Agreement) and an Amendment to the First Supplemental Loan Agreement dated June 1, 2016 (the Amendment to the First Supplemental Loan Agreement), each among and between the Issuer and the Borrower. The amendments to the Original Loan Agreement, the Original Indenture, the First Supplemental Indenture and the First Supplemental Loan Agreement (
  • Description: *****
  • Bond Document: https://www.bondpdf.com/
  • Latest Corporate Actions: https://www.CAalerts.com/credit-corporate-action/ISIN/US594698MS86

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