Port of Bellingham, Wash.'s BP West Coast bonds have mandatory tender

By Marisa Wong

Madison, Wis., Nov. 17 - The Industrial Development Corp. of the Port of Bellingham in Washington gave notice that its BP West Coast Products LLC Project environmental facilities revenue bonds, series 2006 and 2007, are subject to mandatory tender and purchase on Dec. 1.

The bonds will be purchased at par.

The bonds are subject to mandatory tender because they will be converted from the daily mode to the fixed-rate mode on Dec. 1.

Affected are all $50 million of outstanding series 2006 bonds due July 1, 2040 and all $61 million of outstanding series 2007 bonds due July 14, 2041.

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

Based in La Palma, Calif., BP plc subsidiary BP West Coast operates the Cherry Point Refinery in Blaine, Wash.

© 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.