Transmission Agency of Northern California evaluates restructuring $1.1 billion revenue bonds

By Cristal Cody

Springdale, Ark., April 30 - The Transmission Agency of Northern California is evaluating restructuring $1.1 billion of revenue bonds, according to the agency.

The potential restructuring includes $95.775 million series 2003A, $958 million series 2003B and $44.525 million series 2003C project revenue bonds for California and Oregon.

The agency has received many bondholder calls and is exploring its options, Tim Ryan, assistant treasurer, said in an interview Wednesday. No timeframe for a decision to restructure has been set.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.