Orange County, Calif., to price $300 million Teeter Plan CP notes

By Sheri Kasprzak

New York, Aug. 20 - Orange County, Calif., intends to sell $300 million in series A Teeter Plan obligation commercial paper notes, according to a preliminary official statement.

The notes (P-1) will be sold through lead manager Lehman Brothers and mature a maximum of 270 days after issue.

The pricing date, a source close the sale said, has not been set at this time, though it is expected that the pricing will take place in August.

Proceeds will be used to refund certain obligations of the county and to make distributions to local government agencies.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.