Payne County Economic Development, Okla., eyes $111.99 million of bonds

By Sheri Kasprzak

New York, April 25 – The Payne County Economic Development Authority of Oklahoma plans to price $111.99 million of series 2016 revenue bonds for the Epworth Living at the Ranch, according to a preliminary official statement.

The deal includes $89.49 million of series 2016A bonds, $7.5 million of series 2016B-1 tax-exempt mandatory paydown securities, $11.5 million of series 2016B-2 tax-exempt mandatory paydown securities and $3.5 million of series 2016C taxable mandatory paydown securities.

The bonds will be sold on a negotiated basis with Ziegler Inc. and Wells Nelson & Associates as the senior managers.

The maturities have not been set.

Proceeds will be used to construct, equip and improve a senior living facility.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.