Illinois Finance Authority Argonne National Laboratory Nov 07
- ID: 1723082
- November 2007
- Region: Illinois
- Standard & Poors
Illinois Finance Authority's taxable lease revenue bonds series 2007 have been assigned an 'A' preliminary rating. Proceeds will finance the design, construction, and equipping of a research and office building that will be used for supercomputer research at the Department of Energy's (DOE) Argonne National Laboratory in the southwestern suburbs of Chicago. The rating is preliminary pending review of legal opinions and other final closing documentation. The bonds are secured by rental consideration payments made by UChicago Argonne LLC as lessee under a facilities use agreement with Theory & Computing Sciences Building Trust, a Delaware statutory trust, as lessor. The trust was created for the sole purpose of constructing, financing, owning, and leasing the office and research building. UChicago Argonne...
Companies mentioned in this report are:
- United States Govt Dept of Energy
- Illinois Fin Auth
Action: New Rating
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Research Type: Full Analysis