But it could also be a bluff on the part of the fund manager, or a maneuver to buy time — the first payment comes due in August — to extract more value out of Six Flags.
As Ms. Lewin writes: The new rates represent a snapshot in time, covering the 3.6 million borrowers whose first loan payments came due between Oct. 1, 2008, and Sept. 30, 2009, and who defaulted before Sept. 30, 2010.
The states, when they borrowed the money, hoped that the economy would have turned around by the time the first interest payments came due, or that future Congresses might loosen the terms.
The new rates represent a snapshot in time, covering the 3.6 million borrowers whose first loan payments came due between Oct. 1, 2008, and Sept. 30, 2009, and who defaulted before Sept. 30, 2010.
Investors had their first inkling of problems at Providence when a quarterly interest payment came late.
In this case, payment came from taxpayers.
In October, Susan's mortgage payment came due.
We went to Citibank and took out a small-business loan, because it took about six months to start seeing our first significant payments coming in.
His monthly mortgage payment comes to a fifth of his family income, and in 15 years, Wu expects to pay off the loan.
With an $875 million debt payment coming due in the fourth quarter, limited access to capital and unions digging in their heels, United may have no choice.
