Panhandle, holders to discuss redemption of series 2011-2 A-3 bonds

By Sarah Lizee

Olympia, Wash., May 5 – Panhandle Plains Higher Education Authority, Inc. said it will begin discussions with one or more institutional holders of its series 2011-2 A-3 taxable Libor floating-rate student loan revenue bonds (Cusip: 698475AT7), which may lead to soliciting their consent to an early redemption.

Following the discussions, the authority may launch a formal solicitation for the majority consent necessary to approve the required amendment to the indenture securing the bonds.

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