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6/7/2002  Silverstein May Use Insurance Money to Pay Bondholders
If Silverstein Properties decides to pay off the bondholders at face value, which it has no yet formally announced it will do, it would decrease the funds available for the company to begin rebuilding, but would avoid a fight with the bondholders, who have argued that they purchased securities backed by an existing property, and did not intend to provide construction financing.
(Insurance Journal)
posted: 4/29/10                   0       5
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