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With all the woes in the stock market these says, it couldn't be a worse time to try to sell bonds. Oregon's largest private employer, Jeld Wen, is trying to sell $575-million in bonds as a prerequisite for a $864 million infusion from Onex Corporation, a Canadian firm. Tyles Simones with Northwest Quadrant Wealth Management says they are going to have a tough road ahead of them because the S & P has rated these bonds as "Junk Bonds". "It doesn't seem like the best deal in the world for me, because they're going to have to pay such high interest rates on those bonds, and they're giving up a big part of their equity position in the company, and so they must be in a place where they, I’m sure are feeling a little bit backed into a corner and need to do this deal. I'm sure if they had their druthers, they'd rather not do this deal." Simones says Jeld Wen is in the construction business and resort industry and both fields have taken a big hit over the past few years; their company does not look attractive to investors.

 

 

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Most organizations are asking for cash, rather than supplies, so they can route help to where it’s needed most more quickly. Here are some of the largest groups with campaigns underway:

 

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  • Click on the link for the latest conditions on the mountain passes.

 

  • Intersection of NW Broadway Street and NW Delaware for waterline replacement project, road closures with detours clearly marked for thru traffic, 7 a.m. – 4 p.m. daily with roads opened nightly. Motorists are encouraged to avoid this area and use Bond Street and Wall Street.

 

  • Nels Anderson Road between Nels Anderson Place and Brandis Court, single northbound shoulder closure will be in effect, two-way traffic to be maintained. Project completion expected December 2017.