OOCEA refinancing

November 9, 2012
By Peter Samuel

The Orlando FL area toller OOCEA has a major refinancing in the works - to take advantage of low interest rates and reduce its exposure to an increase in rates.  Some $463m of debt is being refinanced and some swaps are being terminated.  Total debt of OOCEA is some $2.6 billion.

Fitch and S&P rated the new bonds A, Moody's A2. Moody's has a 'negative' outlook for OOCEA because of the state of the economy and the area's dependence on discretionary entertainment and tourist travel. Fitch and S&P have the toller's outlook 'stable.'

TOLLROADSnews 2012-11-08


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