CUSIP 952341AQ8
- ISIN: US952341AQ83
- Entity Name: West Contra Costa Healthcare District
- Sector: Municipal Agency
- Announcement Date: 17-Aug-2017
- Effective Date: *****
- Issue Date: *****
- Maturity Date: 01-Jul-2029
- Country of Issuer: United States
- Region: N.Amer
- Issue Currency: United States of America Dollars
- CA Type: Offer Amendment Indenture
- News: On August 3, 2017, the District filed in the Bankruptcy Proceeding (i) that certain First Amended Plan For The Adjustment of Debts Dated July 21, 2017 (the Amended Plan) (Dkt. No. 145), and (ii) that certain First Amended Disclosure Statement For the Plan of Adjustment of Debts Dated July 21, 2017 (the Amended Disclosure Statement) (Dkt. No. 146). Pursuant to the Amended Plan, the District proposes to adjust the debts owed to all of its creditors, including the holders of the Certificates (the Holders). The Districts proposed treatment of Holders and the Certificates is set forth in the Amended Plan and Amended Disclosure Statement, and summarized in this Notice below. The District proposed the treatment of Holders and the Certificates set forth in the Amended Plan and Amended Disclosure Statement with no input from, or prior notice to, the Trustee. The Trustee has not agreed to any of the terms of the Amended Plan or Amended Disclosure Statement, makes no representations or warranties as to any aspect or provision of the Amended Plan and Amended Disclosure Statement, and has reserved all of its rights and remedies, including the right to oppose confirmation of the Amended Plan. After a July 25, 2017 hearing in the Bankruptcy Proceeding to consider approval of the adequacy of the Amended Disclosure Statement, on August 8, 2017, the Bankruptcy Court entered an order approving the adequacy of the Amended Disclosure Statement (the Disclosure Statement Order) (Dkt. No. 148). Pursuant to the Disclosure Statement Order, among other things, the Bankruptcy Court: -3- (1) Ordered the District to distribute to record Holders copies of the Disclosure Statement Order, the Amended Disclosure Statement, the Amended Plan, a cover letter from the District, a letter from the Committee of Unsecured Creditors, a Beneficial Owner Ballot for beneficial Holders to vote on the Amended Plan, and a Master Owner Ballot for record Holders to compile the votes of beneficial Holders (the Certificate Solicitation Package). (2) Ordered record Holders to distribute the Certificate Solicitation Package to their beneficial Holders. (3) Established procedures for beneficial Holders of the 2004 Certificates and the 2011 Certificates to vote on the Amended Plan. Detailed voting procedures are set forth in paragraph (10) of the Disclosure Statement Order.
- Description: Municipal Name: West Contra Costa Healthcare District CUSIP: 952341AQ8 Currency: USD West Contra Costa Healthcare District today announced that it has amended the certain terms and conditions of its Certificates of Participation Series 2004 under Chapter 9 first amended plan.
- Bond Document: https://www.bondpdf.com/
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