Fitch: National Benevolent Association Board Approves Asset Purchase Agreement.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Fitch Ratings Fitch Ratings An international rating agency for financial institutions, insurance companies, and corporate, sovereign, and municipal debt. Fitch Ratings has headquarters in New York and London and is wholly owned by FIMALAC of Paris. learned that the National Benevolent Association Board approved an Asset Purchase Agreement with Fortress NBA NBA abbr. 1. National Basketball Association 2. National Boxing Association NBA (US) n abbr (= National Basketball Association) → Basketball-Dachverband (= Acquisition, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . Fortress is the 'stalking horse bidder' in the proposed sale of all of the eleven senior living facilities owned and operated by NBA. The bid of the stalking horse Stalking horse In bankruptcy proceedings, this refers to the company that first bids for the companies assets. bidder establishes the minimum price and the sales terms for the sale of the facilities. A hearing to approve the bid of the stalking horse bidder is scheduled for October 5, 2004. Fortress' bid for the eleven facilities is $210,000,000. Fitch currently rates the outstanding debt of NBA 'DD'. No rating action is taken at this time and Fitch will continue to monitor the bankruptcy proceedings bankruptcy proceedings n. the bankruptcy procedure is: a) filing a petition (voluntary or involuntary) to declare a debtor person or business bankrupt, or, under Chapter 11 or 13, to allow reorganization or refinancing under a plan to meet the debts of the party to determine whether any change in the rating is warranted. Outstanding Debt: --$9,650,000 Jacksonville Health Facilities Authority Industrial Development Revenue Bonds (NBA-Cypress Village Florida Project), Series 2000A; --$10,080,000 Colorado Health Facilities Authority Revenue Bonds (NBA-Village at Skyline Project), Series 2000C; --$9,390,000 Colorado Health facilities Authority revenue Bonds (NBA-Village at Skyline Project), Series 1999A; --$3,980,000 Oklahoma County Industrial Authority Health Care Revenue Bonds (NBA - Oklahoma Christian Home Project), Series 1999; --$2,695,000 Health and Educational Facilities Authority of the State of Missouri Health Facilities Refunding and Improvement Revenue Bonds (NBA - Central Office Project), Series 1999; --$15,145,000 Colorado Health Facilities Authority Health Facilities Revenue Bonds (NBA - Village at Skyline Project), Series 1998B; --$10,715,000 Colorado Health Facilities Authority Health Facilities Refunding Revenue Bonds (NBA - Multi-state Issue), Series 1998A; --$5,935,000 Iowa Finance Authority Health Facilities Revenue Bonds (NBA - Ramsey Home Project), Series 1997; --$2,235,000 Oklahoma County Industrial Authority Health Care Refunding Revenue Bonds (NBA - Oklahoma Christian Home Project), Series 1997; --$2,160,000 Health and Educational Facilities Authority of the State of Missouri Health Facilities Revenue Bonds (NBA - Woodhaven Learning Center Project), Series 1996A; --$625,000 Colorado Health Facilities Authority Tax-Exempt Health Facilities Revenue Bonds (NBA - Colorado Christian Home Project), Series 1996A; --$2,650,000 Illinois Development Finance Authority Health Facilities Revenue Bonds (NBA - Barton W. Stone Barton Warren Stone was born on December 24 1772 to John and Mary Stone in Port Tobacco, Maryland. During his childhood he was exposed to the Church of England, Baptist, Methodist and Episcopal churches. Christian Home Project), Series 1996; --$4,485,000 Colorado Health Facilities Authority Health Facilities Authority Tax-exempt Health Facilities Revenue Bonds (NBA - Village at Skyline Project), Series 1995A; --$4,655,000 Jacksonville (FL) Health Facilities Authority Industrial Development Revenue Bonds (NBA - Cypress Village Florida Project), Series 1994; --$3,645,000 Health and Educational Facilities Authority of the State of Missouri Health Facilities Revenue Bonds (NBA - Lenoir Retirement Community Project), Series 1994; --$8,015,000 Jacksonville (FL) Health Facilities Authority Industrial Development Revenue Bonds (NBA - Cypress Village Florida Project), Series 1993; --$23,950,000 Jacksonville (FL) Health Facilities Authority Revenue Refunding Bonds refunding bond A bond that is issued for the purpose of retiring an outstanding bond. Issuers refund bond issues to reduce financing costs, eliminate covenants, and alter maturities. See also crossover refunding bonds, prerefunding. (NBA - Cypress Village Florida Project), Series 1992; --$22,590,000 City of Indianapolis, Indiana “Indianapolis” redirects here. For other uses, see Indianapolis (disambiguation). Indianapolis (IPA: [ˌɪndiəˈnæpəlɪs]) is the capital city of the U.S. Economic Development Refunding and Improvement Revenue Bonds (NBA - Robin Run Village Project), Series 1992; --$4,485,000 Industrial Development Authority of Cass County, Missouri Cass County is a county located in the U.S. state of Missouri. As of 2000, the population was 82,092. Its county seat is Harrisonville6. The county was organized in 1835 as Van Buren County, renamed in 1848 after Michigan U.S. Industrial Revenue Refunding Bonds (NBA - Foxwood Springs Living Center Project), Series 1992; --$1,850,000 Bexar County (TX) Health Facilities Development Corp. Tax-exempt Health Facilities Revenue Bonds (NBA - Patriot Heights Project), Series 1992B. |
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