New Issue: Essex County Improvement, N.J., prices $90 million of solid waste bonds

By Sheri Kasprzak

New York, Aug. 13 – The Essex County Improvement Authority of New Jersey sold $90 million of series 2015 AMT solid waste disposal revenue bonds, according to a pricing sheet.

The bonds (Ba2/BB-/) were sold through BofA Merrill Lynch.

The bonds are due July 1, 2045 and have a 5.25% coupon priced at par.

Proceeds will be used to finance capital improvements to the authority’s solid waste disposal system.

Issuer:	Essex County Improvement Authority, N.J.
Issue:	Series 2015 AMT solid waste disposal revenue bonds
Amount:	$90 million
Maturity:	July 1, 2045
Coupon:	5.25%
Price:	100
Type:	Negotiated
Underwriter:	BofA Merrill Lynch
Ratings:	Moody’s: Ba2
	Standard & Poor’s: BB-
Pricing date:	Aug. 13
Settlement date:	Aug. 20

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