By Sheri Kasprzak
New York, Oct. 21 - Dynamic Fuels, a joint venture of Tyson Foods, Inc. and Syntroleum Corp., priced $100 million in Gulf Opportunity Zone bonds Tuesday, said a statement from the joint venture. The bonds were sold through the Louisiana Public Facilities Authority.
The one-year floating-rate bonds have an initial rate of 1.3%.
The bonds were sold on a negotiated basis with SunTrust Robinson Humphrey as the senior manager.
Proceeds will be used for the design and construction of a renewable fuels plant in Geismar, La., which will produce diesel and jet fuels from animal fats and greases.
| Issuer: | Dynamic Fuels via Louisiana Public Facilities Authority
|
| Issue: | Series 2008 Gulf Opportunity Zone bonds
|
| Amount: | $100 million
|
| Maturity: | 2009
|
| Coupon: | Floating rate; initially 1.3%
|
| Price: | Par
|
| Type: | Negotiated
|
| Underwriter: | SunTrust Robinson Humphrey
|
| Pricing date: | Oct. 21
|
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