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BOYNE FALLS, Mich., April 15, 2021 /PRNewswire/ Boyne USA, Inc. (the Company ) today announced the pricing of a previously announced private offering of $540 million aggregate principal amount of 4.750% senior notes due 2029 (the Notes ). The Company intends to use the proceeds from the offering, together with cash on hand, to finance its previously announced tender offer for and redemption of $580 million aggregate principal amount of its existing 7.250% senior secured second lien notes due 2025 (the Tender Offer and Redemption ) and to pay fees and expenses related to the offering, the Tender Offer and Redemption and related transactions and to repay other debt. The offering of Notes is expected to close on or about April 26, 2021, subject to customary closing conditions.
A Grosse Pointe Park man who lives in a $700,000, six-bedroom home stole $240,000 from poor and homeless people and spent it on trips to Florida resorts, shopping sprees, Lululemon athletic wear and a new roof on his house, according to a criminal complaint unsealed Thursday in federal court.
And he was careful not to get caught, an FBI agent wrote in an affidavit, which details how John R. Lynch, 56, of Grosse Pointe Park allegedly abused his position as chief financial officer and chief executive officer for the Holy Cross organization to help himself, his family and friends.
Holy Cross is a Clinton-based nonprofit that was founded in 1948 by the Archdiocese of Detroit as a vehicle to help needy people. It started out as Boysville of Michigan, and is now known as Holy Cross Services, whose entities include the Samaritan Center, Woodward Counseling, and Holy Cross Women’s Behavioral Health. The organization receives government funding and helps provide financial su
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Detroit Free Press
A former CEO of the organization that ran the Boysville school and juvenile detention facility in Macon stole $240,000 from poor and homeless people and spent it on trips to Florida resorts, shopping sprees, Lululemon athletic wear and a new roof on his house, according to a criminal complaint unsealed Thursday in federal court.
And he was careful not to get caught, an FBI agent wrote in an affidavit, which details how John R. Lynch, 56, of Grosse Pointe Park allegedly abused his position as chief financial officer and chief executive officer for the Holy Cross organization to help himself, his family and friends.