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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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Traffic & Weather

 

 

 

 

Jones Road, full road closure between Bennington Lane and NE Butler Market Road. May 18 – August 18, local access only.
 

 

Orion Drive closed in two locations for sewer work; at the intersection with Avery Lane and between Desert Woods Drive and King Hezekiah Way.  From July 11 to Sept. 6. Detours marked.

 

Valhalla Sewer Relocation Project, Mt. Washington Drive at Shevlin Park Road intersection and North to Regency Street. Nighttime closures with detours marked during roundabout construction. Daytime closures for construction towards Regency Street.    7 p.m. – 7 a.m., July 11 – November.

 
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