West Contra Costa Healthcare District


CUSIP 952341BD6
  • Issue Currency: United States of America Dollars
  • Announcement Date: 23-Jan-2017
  • News: Continuing Payment Default The Lessee remains in default under the Lease Agreement, as previously disclosed to holders of the Bonds. The Lessee continues to be unable to make debt service payments. As it appears the Lessee has abandoned the Facility, the Lessee has not completed construction of the Facility or obtained a certificate of occupancy allowing the Facility to open to residents. The Facility remains vacant. Holders of the Bonds may wish to consider that it does not appear that the Lessee will make any principal or interest payments on the Bonds in the future.
CUSIP 952341BD6
  • Issue Currency: United States of America Dollars
  • Announcement Date: 03-Jul-2017
  • News: A hearing on the Bankruptcy Courts consideration of approval of the Disclosure Statement and setting Plan solicitation and confirmation procedures and deadlines is scheduled for July 25, 2017, at 1:30 p.m., in the United States Bankruptcy Court, Northern District, Oakland Division, Courtroom 201, 1300 Clay Street, Suite 300, Oakland, California 94604-2070. Any objections or other responses to approval of the Disclosure Statement must, on or before July 18, 2017, be filed with the Clerk of the Bankruptcy Court and served on: (1) the Office of the United States Trustee (Oakland Office), Attn: Donna S. Tamanaha, Phillip J. Burton Federal Building, 450 Golden Gate Ave., 5th Floor, #05-0153, San Francisco, California 94012; and (2) counsel for the District at David E. Gordon Esq., of DENTONS US LLP, 303 Peachtree Street, Suite 5300, Atlanta, Georgia 30308.
CUSIP 952341AQ8
  • Issue Currency: United States of America Dollars
  • Announcement Date: 17-Aug-2017
  • 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.



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