New Jersey Economic defeases $63.36 million of 2006 Seabrook bonds

By Tali Rackner

Norfolk, Va., Aug. 21 – The New Jersey Economic Development Authority defeased $63.36 million of its series 2006 retirement community refunding revenue bonds issued for the Seabrook Village, Inc. facility, according to a notice.

The following will be redeemed on Nov. 15, 2016:

• $1,605,000 of bonds due Nov. 15, 2015, to be redeemed at maturity;

• $1,685,000 of bonds due Nov. 15, 2016;

• $22.52 million of bonds due Nov. 15, 2026; and

• $37.55 million of bonds due Nov. 15, 2036;

Wells Fargo Bank, NA is the escrow agent.

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