My Thoughts

Commission Announces Important General Obligation Debt Settlement

May 17th, 2013

Yesterday, the Commission approved a Plan Support Agreement (PSA) for the 2001-B General Obligation (GO) Warrants. It reflects a negotiated settlement by and between the County and the two holders of the 2001-B GO warrant debt, JPMorgan and Bayerische Landesbank. The 2001-B GO warrants represent about $105 million of the County‚Äôs debt. The proceeds of […]