Ohio County, W.Va., tenders for up to $25 million of series 2006A Highlands Project bonds

By Wendy Van Sickle

Columbus, Ohio, Jan. 13 – Ohio County of West Virginia said it began a tender offer for up to $25 million of special district excise tax revenue refunding and improvement bonds, series 2006 A-1 and series 2006 A-2, issued for the Fort Henry Economic Opportunity Development District Highlands Project.

Bondholders must submit their offers in writing to the tender agent on or before Feb. 16.

Bonds must be tendered in increments of $5,000. Tender prices in excess of 110 will not be accepted, according to a notice announcing the tender offer.

At least $5 million of the bonds must be tendered for the issuer to purchase any of the bonds.

The tender agent will use proceeds of a new issue of special district excise tax refunding revenue bonds to purchase tendered bonds in order from the lowest tender price to the highest tender price to the extent of available funds and, among equal tender offers, if any, pro rata.

The tender agent will contact owners of the bonds selected for tender by March 15.

The tender agent is United Bank, Inc. (attn.: Kathy Smith: +304 348-8427 or kathy.smith@bankwithunited.com).

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