Panhandle Plains’ series 2010-2 bonds to be called on Feb. 25 subject to availability of funds

By Rebecca Melvin

New York, Feb. 18 – A majority of holders of Panhandle Plains Higher Education Authority Inc.’s student loan revenue bonds, series 2010-2, (Cusip: 698475AM2) has consented to a supplemental indenture that allows early redemption of the bonds on Feb. 25, according to a news release.

The issuer has directed BOKF NA, as trustee, to conditionally call the bonds at a price of 101.25% of par plus accrued interest to the redemption date.

The call is conditional on the availability of sufficient funds to pay the redemption price.

The solicitation period ended at 5 p.m. ET on Feb. 14.

D.F. King & Co., Inc. (800 252-8173 or PPHEA@dfking.com) is the information agent.

The solicitation agent is RBC Capital Markets at (877 381-2099, 212 618-7843 or liability.management@rbccm.com).

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