By Sheri Kasprzak
New York, March 18 - The Tulsa County Industrial Development Authority priced $115.615 million of series 2010 senior living facilities revenue bonds for Montreau, Inc., said a pricing sheet.
The bonds priced on Wednesday.
The sale included $104.14 million of series 2010A bonds, $3.435 million of series 2010B bonds and $8.04 million of series 2010C bonds.
The 2010A bonds are due 2023, 2030, 2040 and 2045 with 6.875% to 7.25% coupons, all priced at par. The 2010B bonds are due 2045, have a 6.5% coupon and priced par, while the 2010C bonds are due 2015 with a 5.75% coupon, also priced at par.
Ziegler Capital Markets Inc. was the lead manager. The co-managers were Herbert J. Sims & Co. Inc. and Wells Nelson & Associates.
Proceeds will be used to fund the construction of a senior living facility and refund existing variable-rate demand bonds.
| Issuer: | Tulsa County Industrial Development Authority/Montreau, Inc.
|
| Issue: | Series 2010 revenue bonds
|
| Amount: | $115.615 million
|
| Type: | Negotiated
|
| Underwriters: | Ziegler Capital Markets Inc. (lead); Herbert J. Sims & Co. Inc. and Wells Nelson & Associates (co-managers)
|
| Pricing date: | March 18
|
|
|
| Series 2010A
|
| Maturity | Type | Coupon | Price
|
| 2023 | Term | 6.875% | 100
|
| 2030 | Term | 7.125% | 100
|
| 2040 | Term | 7.25% | 100
|
| 2045 | Term | 7.25% | 100
|
|
|
| Series 2010B
|
| Maturity | Type | Coupon | Price
|
| 2045 | Term | 6.5% | 100
|
|
|
| Series 2010C
|
| Maturity | Type | Coupon | Price
|
| 2015 | Term | 5.75% | 100
|
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