debt
confidence high
sentiment positive
materiality 0.50
Greystone Housing completes TEBS residual substitution, receives $14.8M cash
Greystone Housing Impact Investors LP
- Redeemed M31 Class B Certificates on Oct 15 for ~$23.7M; paid $8.6M to Class B-1 holders.
- Deposited 14 mortgage revenue bonds into custody; created $75.4M senior and $14.8M subordinate receipts.
- Exchanged subordinate receipts for M31 Certificates; Partnership received $14.8M cash, $8.6M used for B-1 repayment.
- Amended Trust Agreement to reflect substitution and termination of M31 Certificates.
- No change to overall TEBS Residual Financing Facility; residual interest retained via new receipts.