Central Falls Detention plans $829,817 partial bond interest payment

By Kali Hays

New York, Jan. 14 – The Central Falls Detention Facility Corp. will make a partial, prorated payment totaling $892,817 on accrued interest related to detention facility revenue refunding bonds with amounts due on Jan. 15, according to a Jan. 14 notice from indenture trustee U.S. Bank NA.

The company said it does not have sufficient funds available “as a result of various events of default under the indenture” and that “it is uncertain when, and to what extent, additional payments on debt service will be made under the indenture.”

Central Falls owns and operates the Donald W. Wyatt Detention Facility, a federal prison located in Central Falls, R.I.

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