communities_facilities_district_board_meeting_agen.pdf
Lapis Advisers Negotiates New Bonds in Bankruptcy Plan
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Description
Lapis Advisers LP acquired the majority of Entertainment Center's taxable bonds at a discount and negotiated a bankruptcy settlement, resulting in issuance of new tax-exempt bonds by the district.
Contract Details
Contract Amount
Approximately $12,000,000 (bond purchase, see notes)
Vendor
LAPIS ADVISERS LP
Agency
Town of Prescott Valley, AZ
Contract Type
FINANCIAL_SERVICES
Document Date
January 9, 2025
Contract Term
Historical (purchase and negotiation 2016-2017)
Renewal Date
2017-07-12
Renewal Info
Historical engagement as majority bondholder in 2016-2017; not an ongoing vendor relationship post-settlement.
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