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Issuer Type: State/Province
On behalf of the Virgin Islands Government, I would like welcome you to our new investor relations website. We appreciate your interest and investment in bonds issued by the U.S. Virgin Islands Public Financing Authority, as it allows us to make critical investments in public infrastructure throughout the Virgin Islands.
The website will provide up to date financial information, documents and reports that will provide insight into the credit fundamentals behind the US Virgin Islands economy.
Hurricanes Irma and Maria have certainly had a dramatic impact on the Territory and will result in significant challenges as we recover and rebuild. Nevertheless, we want assure the investor community that we will rebuild our infrastructure and address our financial issues. We will not let this stand in our way. We are committed to being as transparent as possible with the investor community and the public at large.
Please do not hesitate to contact our office with suggestions for how we can be doing better.
Thank you again for your interest in our bond program.
Albert Bryan Jr.
Please be advised that as of August 25, 2017, the US Virgin Islands Public Finance Authority (“PFA”) will no longer be providing information for credit ratings on its Matching Fund Loan Notes and Gross Receipts Tax Bonds to Moody’s Investors Service, Inc., Standard & Poor’s Global Ratings and Fitch Ratings, Inc. We understand that, at your discretion, you may withdraw these ratings at any time. Please note this decision does not include the PFA’s GARVEE Bonds, US Virgin Island Water and Power Authority Bonds and Virgin Islands Port Authority Bonds.
Going forward, it is our intention to provide updated financial information regarding the PFA and the Government of the Virgin Islands on EMMA and BondLink. You may access information on these sources. If you have any questions regarding this matter, please contact our financial advisor, Richard Tortora, President, Capital Markets Advisors, LLC at (516) 487-9815.
August 25, 2017
NEWS PROVIDED BY
Limetree Bay Terminals, L.L.C.
CHRISTIANSTED, Virgin Islands, Oct. 5, 2017 /PRNewswire/ -- In coordination with the U.S. Coast Guard and local officials, Limetree Bay Terminals, L.L.C. ("Limetree") has resumed commercial operations after the passing of Hurricane Maria. Truck rack loading operations serving local and area fuel suppliers resumed within 24 hours of the hurricane, and vessels commenced shore tank loading and unloading operations shortly thereafter.
In addition, Limetree continues to work in coordination with the Government of the U.S. Virgin Islands, FEMA, and private relief efforts to aid in the delivery and distribution of supplies. Limetree is committed to supporting near term hurricane relief efforts as well as longer-term regional recovery planning and will continue to provide assistance in support of these efforts where possible.
Limetree Bay Terminals, L.L.C. owns and operates a terminal storage and marine facility in St. Croix, U.S. Virgin Islandsthat consists of 32 million barrels of crude oil and petroleum product storage capacity, a deep-water port with ten ship docks and six dedicated tug boats, a truck rack, and idled refinery units with total peak processing capacity of 650 thousand barrels per day. It is located on approximately 1,500 acres situated along the south shore of St. Croix. Limetree is a joint venture between an affiliate of ArcLight Energy Partners Fund VI, L.P. ("ArcLight") and an affiliate of Freepoint Commodities LLC ("Freepoint"). More information about ArcLight, and a complete list of ArcLight's portfolio companies, can be found at www.arclightcapital.com. More information about Freepoint can be found at http://www.freepoint.com.