Kukla's Korner Hockey
by Paul on 03/15/11 at 08:31 AM ET
from Rebekah L. Sanders of the Arizona Republic,
Glendale is searching for new bond-buyers to finance part of its Phoenix Coyotes deal, after others demanded the city pay too high an interest rate, according to a potential minority investor in the Phoenix Coyotes.
The city is receiving help in finding bond buyers from the National Hockey League, team buyer Matthew Hulsizer and bond underwriter J.P. Morgan Securities, said John Breslow, a longtime Coyotes minority investor and member of team buyer Matthew Hulsizer’s ownership group.
“They’re out aggressively trying to sell the bonds,” Breslow said. “The goal is to find a lower rate and to have a payment (for the city) that is lower.”
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