Published on 6/20/2016 in the Prospect News Municipals Daily.
New Issue: Sullivan County Infrastructure, N.Y., prices $110.8 million EPR bonds
By Sheri Kasprzak
New York, June 20 – The Sullivan County Infrastructure Local Development Corp. of New York priced $110,075,000 of series 2016 revenue bonds for EPR Properties, according to a pricing sheet.
The bonds were sold through Gates Capital Corp.
The bonds are due in 2031 and 2049 with 4.85% to 5.35% coupons priced at par.
Proceeds will be used to construct, equip and acquire the Adelaar Resort, a four-season destination resort in the Town of Thompson, N.Y.
| Issuer: | Sullivan County Infrastructure Local Development Corp./EPR Properties
|
| Issue: | Series 2016 revenue bonds
|
| Amount: | $110,075,000
|
| Type: | Negotiated
|
| Underwriter: | Gates Capital Corp.
|
| Pricing date: | June 10
|
| Settlement date: | June 16
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $15,085,000 | 2031 | Term | 4.85% | 100
|
| $2,165,000 | 2031 | Term | 4.85% | 100
|
| $2,115,000 | 2031 | Term | 4.85% | 100
|
| $1,395,000 | 2031 | Term | 4.85% | 100
|
| $5.11 million | 2031 | Term | 4.85% | 100
|
| $49,085,000 | 2049 | Term | 5.35% | 100
|
| $7,005,000 | 2049 | Term | 5.35% | 100
|
| $6.92 million | 2049 | Term | 5.35% | 100
|
| $4.54 million | 2049 | Term | 5.35% | 100
|
| $16,655,000 | 2049 | Term | 5.35% | 100
|
|
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