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Graceland project borrowers miss another debt service payment

Graceland project borrowers miss another debt service payment
bondbuyer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bondbuyer.com Daily Mail and Mail on Sunday newspapers.

City of memphisUnited statesElvis presleyLisa washburnMoody investors serviceElvis presley enterprisesUs bankWorld bankEconomic development growth engine industrial boardGraceland mansionMunicipal market analyticsBrandy layman

Still singing the blues: Graceland bonds remain under pressure

Graceland drew on reserves to cover the Jan. 1 payment on two bond series and three other series were unable to make their interest payments.

United statesShelby countyCity of memphisElvis presleyJoshua siegelElvis presley enterprisesPayment fundEconomic development growth engine industrial boardTourism development zoneSeriesb debt service reserve fundUs bankSeriesb debt service fundGraceland holdingsSeriesa debt service reserve fundSeriesa debt service fundSurplus fund

Fall from grace: Bonds sold for Elvis home continue to deteriorate

Fall from grace: Bonds sold for Elvis home continue to deteriorate
bondbuyer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bondbuyer.com Daily Mail and Mail on Sunday newspapers.

United statesCity of memphisJohnny cashLisa marieMatt fabianElvis presleyJoshua siegelLas vegasErnest hemingwayMark twainJohn hallacyElvis presley enterprisesEconomic development growth engine industrial boardJohn hallacy consultingGraceland holdingsLiberace museum

Municipal bonds for Elvis Presley s Graceland default amid coronavirus

As travel declines during the coronavirus pandemic, munis backed by tourists' cash may come under increasing financial pressure.

United statesMemphis international airportShelby countyCity of memphisDebbie millerElvis presleyJoshua siegelFitch ratingsMoody investors serviceElvis presley enterprisesGraceland developmentEconomic development growth engine industrial boardGraceland holdingsElvis presley enterprises incMunicipal securities rulemaking boardMunicipal market analytics