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Nashville Symphony Bailout Cost Lenders $39 Million

MUSIC Posted: June 19, 2014 12:13 am

“According to Chad Boyd, the symphony’s chief financial officer, the $39 million included some $30 million the symphony owed to the banks on a mortgage with a balance of $85.3 million and another $9 million due to the lenders under a related interest swap agreement, a deal meant to hedge against rate fluctuations.”

MUSIC Published: 06.19.14

Read the story in The Tennessean (Nashville) Published: 06.19.14

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