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Lars Larson
Lars Larson
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Local News

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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  • Carry Chains or Traction Tires on the mountain passes.  Spots of Ice on the Santiam Pass and over Mount Hood.  Packed snow on local roads and on Willamette Pass.


  • Lane closure on Boyd Acres Road at Ross Road; 7am - 4:30pm through December 10
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