CUSIP 75687RAB8
- ISIN: US75687RAB87
- Entity Name: Red River Health Facilities Development Corporation
- Sector: Municipal Agency
- Announcement Date: 16-Jun-2016
- Effective Date: 15-Jun-2016
- Issue Date: 01-Feb-2012
- Maturity Date: 15-Dec-2032
- Country of Issuer: United States
- Region: N.Amer
- Issue Currency: United States of America Dollars
- CA Type: Coupon Default
- News: As you have been previously informed, several Events of Default have occurred relating to the Bonds including the Borrowers failure to pay full debt service on December 15, 2015 and failure to comply with the Cumulative Cash Covenant and the Days Cash on Hand Covenant set forth in the Master Indenture. The Borrower has not made its required debt service payments since October 2015 and the Master Trustee does not expect that the Borrower will make the required debt service payments going forward. Trustee will Not Make June 15, 2016 Debt Service Payment At the direction of the holders of a majority in aggregate principal amount of the Bonds, the Master Trustee will not make the June 15, 2016 debt service payment to Bondholders at this time. For Bond Document please visit www.BondPDF.com
- Description: Municipal Name: Red River Health Facilities Development Corporation CUSIP: 75687RAB8 Currency: USD Red River Health Facilities Development Corporation announced today that the trustee failed to make the coupon payment for the Series 2012 Bonds on June 15, 2016.
- Bond Document: https://www.bondpdf.com/bonds/171c8ff4
- Latest Corporate Actions: https://www.CAalerts.com/credit-corporate-action/ISIN/US75687RAB87
