Lapis Advisers Facilitated Bankruptcy Plan and Bond Exchange
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Description
Lapis Advisers LP acquired majority of ECCFD’s debt, facilitated bankruptcy plan and exchange for tax-exempt municipal bonds in 2017.
Contract Details
Contract Amount
Purchased $28,000,000 in bonds at ~$12,000,000 (historical)
Vendor
LAPIS ADVISERS LP
Agency
Town of Prescott Valley, AZ
Contract Type
FINANCIAL_SERVICES
Document Date
May 28, 2026
Renewal Date
2017-10-27
Renewal Info
Transaction completed in October 2017 as part of bankruptcy plan. No future renewals.
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