Published on 11/14/2013 in the Prospect News Municipals Daily.
New Issue: Valparaiso, Ind., sells $200 million Pratt Paper facilities revenue debt
By Sheri Kasprzak
New York, Nov. 14 - The City of Valparaiso, Ind., sold $200 million of series 2013 exempt facilities revenue bonds for Pratt Paper LLC, according to a pricing sheet.
The bonds were sold through BofA Merrill Lynch.
The bonds are due 2024, 2034 and 2044. The 2024 bonds have a 5.875% coupon, the 2034 bonds have a 6.75% coupon and the 2044 bonds have a 7% coupon, all priced at par.
Proceeds will be used to construct and equip a linerboard and corrugated medium mill facility in Valparaiso for Pratt Paper.
Issuer: | City of Valparaiso, Ind./Pratt Paper LLC
|
Issue: | Series 2013 exempt facilities revenue bonds
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Amount: | $200 million
|
Type: | Negotiated
|
Underwriter: | BofA Merrill Lynch
|
Pricing date: | Nov. 14
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Settlement date: | Nov. 21
|
|
Amount | Maturity | Type | Coupon | Price
|
$26,435,000 | 2024 | Term | 5.875% | 100
|
$58,485,000 | 2034 | Term | 6.75% | 100
|
$115.08 million 2044 | Term | 7% | 100
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