By Sheri Kasprzak
New York, April 18 - The Oglethorpe Power Corp. of Georgia sold $155,095,000 of series 2013 pollution control revenue bonds, according to a pricing sheet.
The deal included $144,565,000 of series 2013A Development Authority of Burke County pollution control revenue bonds and $40.53 million of series 2013A Development Authority of Appling County pollution control revenue bonds.
The Burke County bonds are due Jan. 1, 2040, and have a 2.4% coupon priced at par.
The Appling County bonds are due Jan. 1, 2038, and have a 2.4% coupon priced at par.
BofA Merrill Lynch was the senior manager for the bonds (/A/A).
Proceeds will be used to refund short-term debt incurred to refund bonds previously issued to finance the costs of pollution control facilities.
| Issuer: | Oglethorpe Power Corp.
|
| Issue: | Series 2013 pollution control revenue bonds
|
| Amount: | $155,095,000
|
| Type: | Negotiated
|
| Underwriter: | BofA Merrill Lynch (lead)
|
| Ratings: | Standard & Poor's: A
|
| Fitch: A
|
| Pricing date: | April 17
|
| Settlement date: | April 23
|
|
|
| $144,565,000 series 2013A Development Authority of Burke County pollution control revenue bonds
|
| Maturity | Type | Coupon | Price
|
| Jan. 1, 2040 | Term | 2.4% | 100
|
|
|
| $40.53 million series 2013A Development Authority of Appling County pollution control revenue bonds
|
| Maturity | Type | Coupon | Price
|
| Jan. 1, 2038 | Term | 2.4% | 100
|
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