2009-02-24 — bizjournals.com
"Atlanta-based Ashton Woods said defaults under its senior credit facility and its $125 million 9.5-percent “senior subordinated notes†due in 2015 were waived or completely cured. Remaining notes were exchanged for 11 percent senior subordinated notes due in 2015.
In addition, the company closed on a $20 million capital investment by Ashton’s existing equity holder and re-payed a bridge loan that had $1 million in aggregate principal outstanding."
In addition, the company closed on a $20 million capital investment by Ashton’s existing equity holder and re-payed a bridge loan that had $1 million in aggregate principal outstanding."
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