Buffalo Thunder Development Authority


CUSIP *****
  • Issue Currency: United States of America Dollars
  • Announcement Date: 20-Jun-2017
  • News: Section 2.14 of the Indenture requires the Authority to deposit sufficient funds with the Paying Agent to pay interest on the principal amount of the Notes semi-annually in June and December of each year. The Authority failed to deposit sufficient funds to make the full interest payment due to Holders on June 15, 2017. Payment was required in the amount of $6,281,359.04 and the Authority made payment in the amount of $3,880,000.00. In accordance with the Indenture, the Trustee made a pro rata distribution to Holders of the funds deposited by the Authority. Section 6.1(a)(2) of the Indenture provides that failure to pay any interest on any Note when due and payable is an Event of Default with respect to the Notes under this Indenture if such failure continues for 30 days or more.
CUSIP 119818AA0
  • Issue Currency: United States of America Dollars
  • Announcement Date: 08-Feb-2018
  • News: The Trustee previously advised Holders that an Event of Default occurred and continued to occur under section 6.1(2) of the Indenture as a result of the Authoritys failure to make certain interest payments due on the Notes. The Trustee also informed Holders that the Issuer and certain Holders representing a supermajority of the principal amount of the Notes then outstanding entered into a Restructuring Agreement (as amended the Restructuring Agreement), dated as of November 12, 2010. Consistent with the Restructuring Agreement, the Authority offered to acquire any and all of the Notes in exchange for such holders pro rata share in new notes. This notice is directed to Holders of the Notes that were not exchanged. The Authority remains in default of its payment obligations.
CUSIP 119818AA0
  • Issue Currency: United States of America Dollars
  • Announcement Date: 12-Feb-2018
  • News: The Trustee previously advised Holders that an Event of Default occurred and continued to occur under section 6.1(2) of the Indenture as a result of the Authoritys failure to make certain interest payments due on the Notes. The Trustee also informed Holders that the Issuer and certain Holders representing a supermajority of the principal amount of the Notes then outstanding entered into a Restructuring Agreement (as amended the Restructuring Agreement), dated as of November 12, 2010. Consistent with the Restructuring Agreement, the Authority offered to acquire any and all of the Notes in exchange for such holders pro rata share in new notes. This notice is directed to Holders of the Notes that were not exchanged. The Authority remains in default of its payment obligations.



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