Office Facilities, La., defeases $115 million of lease revenue bonds

By Tali David

Minneapolis, April 5 - Office Facilities Corp., La., defeased $115 million of its Louisiana State Capitol Complex Program lease revenue and refunding bonds, series 2003, according to a release.

The company will redeem the following bonds at par plus accrued interest:

• $2,915,000 of 4% bonds due Nov. 1, 2014;

• $3.01 million of 5.25% bonds due Nov. 1, 2014;

• $6,225,000 of 5.25% bonds due Nov. 1, 2015;

• $6.56 million of 5.25% bonds due Nov. 1, 2016;

• $6,915,000 of 5.25% bonds due Nov. 1, 2017;

• $7,285,000 of 5.25% bonds due Nov. 1, 2018;

• $1.67 million of 4.4% bonds due Nov. 1, 2019;

• $6 million of 5.25% bonds due Nov. 1, 2019;

• $8,065,000 of 5% bonds due Nov. 1, 2020;

• $8.48 million of 5% bonds due Nov. 1, 2021;

• $4.74 million of 4.7% bonds due Nov. 1, 2022;

• $4.17 million of 5% bonds due Nov. 1, 2022; and

• $9,345,000 of 4.75% bonds due Nov. 1, 2023.

The Bank of New York Mellon Trust Co., NA is the trustee.

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