AERT pays off bonds, loan, refunds previous obligation.Advanced Environmental Recycling Technologies Recycling technology Methods for reducing solid waste by reusing discarded materials to make new products. The three integral phases of recycling are the collection of recyclable materials, manufacture or reprocessing of these materials into new products, and Inc., in a filing with the Securities & Exchange Commission, disclosed that it paid off and terminated the Series 2003 bonds and a $1 million loan to Regions Bank and then refunded a prior 2003 industrial development bond obligation. On Feb. 21, the City of Springdale, Arkansas For the Fayetteville-Springdale-Rogers Metropolitan Area (Northwest Arkansas), see . Springdale is a city in Washington and Benton counties in the northwestern region of Arkansas in the United States. Industrial Development Refunding Reimbursing funds in restitution or repayment. The process of refinancing or borrowing money, ordinarily through the sale of bonds, to pay off an existing debt with the proceeds derived therefrom. Revenue Bonds (Advanced Environmental Recycling Technologies, Inc. Project), Series 2008 were issued by Springdale as "issuer" and Bank of Oklahoma N.A. as "Trustee." Proceeds from the sale of the Series 2008 Bonds were loaned by the issuer to AERT AERT Advanced Environmental Recycling Technologies, Inc AERT Animal Emergency Response Team . The bonds were issued in an aggregate principal amount of $10.6 million, bear interest at 8 percent per year and mature on Dec. 15, 2023. |
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