Payne County Economic Development, Okla., plans $107.52 million bonds

By Sheri Kasprzak

New York, June 2 – The Payne County Economic Development Authority of Oklahoma is set to price $107.52 million of series 2015 revenue bonds for Epworth Living at the Ranch, according to a preliminary official statement.

The deal includes $84.02 million of series 2015A bonds, $8 million of series 2015B-1 tax-exempt mandatory paydown securities, $12.75 million of series 2015B-2 Temps and $2.75 million of series 2015C taxable mandatory paydown securities.

The bonds will be sold through Ziegler Inc.

The maturities have not been set.

Proceeds will be loaned by the authority to the corporation for the construction, equipment, improvement, renovation and acquisition of The Ranch, an Epworth Living Community, a senior housing facility with 114 independent living units in Stillwater, Okla.

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