By Sheri Kasprzak
New York, April 2 - Escambia County in Florida priced $130.4 million in series 2009 solid waste disposal revenue bonds for Gulf Power Co., according to a form 8-K filed Thursday with the Securities and Exchange Commission.
The sale included $65 million in series 2009 first-series bonds and $65.4 million in series 2009 second-series bonds.
Both bonds are due April 1, 2039.
The first-series bonds initially bear interest at a long-term rate of 1.75%, priced at par. The second-series bonds were issued at the daily rate.
Proceeds will be used for construction costs.
| Issuer: | Escambia County, Fla./Gulf Power Co.
|
| Issue: | Series 2009 solid waste disposal revenue bonds
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| Amount: | $130.4 million
|
| Pricing date: | March 31
|
| Settlement date: | April 2
|
|
|
| Series 2009 first-series bonds
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| Amount: | $65 million
|
| Maturity: | April 1, 2039
|
| Coupon: | 1.75%
|
| Price: | Par
|
| Rate: | Long-term
|
|
|
| Series 2009 second-series bonds
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| Amount: | $65.4 million
|
| Maturity: | April 1, 2039
|
| Rate: | Daily
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