JeffCo’s New Forebearance

Jefferson County commissioners Tuesday authorized new forbearance agreements delaying payments on some of the county’s troubled sewer debt and related swaps for which the county owes a total of $748 million in termination payments.

The agreements delay until May 29 the accelerated principal payments on variable-rate sewer debt as well as some swap termination payments. The county is not expected to pay anything for the new forbearance agreements except interest that is due. The amount of interest to be paid was not immediately available.

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