ANALYSIS OF MORTGAGE-RELATED PROBLEMS IN THE FINANCIAL AND CORPORATE RESTRUCTURING OF RAILROADS. VOLUME 1

Impediments to change occurring within existing railroad financial structures are identified, with particular emphasis on long term financing by mortgage bonds. Characteristics of railroad mortgage bonds are summarized. Impacts of mortgage restrictions upon corporate restructuring proposals are identified. The feasibility of using mathematical models to estimate the fair market value of infrequently traded railroad bonds is assessed. Conclusions, recommendations, and analysis are presented in Volume I. Volume II of the report is a four part compilation of the characteristics of mortgage bonds outstanding on December 31, 1975.

• Corporate Authors:

  Kidder, Peabody and Company, Incorporated

  10 Hanover Square
  New York, NY  United States  10005

  Federal Railroad Administration

  1200 New Jersey Avenue, SE
  Washington, DC  United States  20590
• Authors:
  • Fuentevilla, W
• Publication Date: 1979-9

Media Info

• Features: Figures;
• Pagination: 116 p.

Subject/Index Terms

• TRT Terms: Assets; Bankruptcy; Financial analysis; Industry structure; Investments; Leasing; Legal factors; Mergers; Right of way (Land); Trackage rights; Valuation
• Uncontrolled Terms: Mortgages
• Old TRIS Terms: Property investment; Regional rail reorganization act
• Subject Areas: Economics; Finance; Law; Railroads;

Filing Info

• Accession Number: 00335859
• Record Type: Publication
• Report/Paper Numbers: FRA-OPPD-79-6-1 Final Rpt.
• Contract Numbers: DOT-FR-75239
• Files: TRIS, USDOT
• Created Date: Aug 15 1981 12:00AM