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Published on 11/7/2013 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Chicago O'Hare calls $482.31 million general airport third-lien bonds

By Tali David

Minneapolis, Nov. 7 - Chicago O'Hare International Airport called $482.31 million of its series 2003 general airport third-lien revenue refunding bonds, according to multiple notices.

The following 2003A-2 bonds will be redeemed at par plus accrued interest on Jan. 1:

• $17.97 million of 5.5% bonds due Jan. 1, 2016;

• $18,955,000 of 6% bonds due Jan. 1, 2017;

• $20,095,000 of 5% bonds due Jan. 1, 2018;

• $31.5 million of 5.75% bonds due Jan. 1, 2019;

• $37.12 million of 5.75% bonds due Jan. 1, 2020;

• $39,255,000 of 5.75% bonds due Jan. 1, 2021; and

• $1,885,000 of 5.75% bonds due Jan. 1, 2022.

The following 2003B-2 bonds will be redeemed at par plus accrued interest on Jan. 1:

• $39,625,000 of 5.75% bonds due Jan. 1, 2022;

• $43.9 million of 5.75% bonds due Jan. 1, 2023;

• $21,215,000 of 5.75% bonds due Jan. 1, 2024;

• $7.37 million of 5.25% bonds due Jan. 1, 2027;

• $54,455,000 of 6% bonds due Jan. 1, 2027; and

• $63,055,000 of 6% bonds due Jan. 1, 2029.

The following 2003C-2 bonds will be redeemed at par plus accrued interest on Jan. 1:

• $19,265,000 of 5.25% bonds due Jan. 1, 2030.

The following 2003D bonds will be redeemed at par plus accrued interest on Jan. 1:

• $2,595,000 of 4.5% bonds due Jan. 1, 2019;

• $2.72 million of 4.5% bonds due Jan. 1, 2020;

• $2,855,000 of 4.625% bonds due Jan. 1, 2021;

• $2,995,000 of 4.75% bonds due Jan. 1, 2022;

• $3,145,000 of 4.75% bonds due Jan. 1, 2023; and

• $10,405,000 of 4.875% bonds due Jan. 1, 2028.

The following 2003E bonds will be redeemed at par plus accrued interest on Jan. 1:

• $2.58 million of 5.25% bonds due Jan. 1, 2019;

• $2,705,000 of 5.25% bonds due Jan. 1, 2020;

• $2.84 million of 5.25% bonds due Jan. 1, 2021;

• $2,975,000 of 5.25% bonds due Jan. 1, 2022;

• $3.13 million of 5.25% bonds due Jan. 1, 2023;

• $3.28 million of 5.25% bonds due Jan. 1, 2024; and

• $3.45 million of 4.75% bonds due Jan. 1, 2029.

The following 2003F bonds will be redeemed at par plus accrued interest on Jan. 1:

• $7.37 million of 5.5% bonds due Jan. 1, 2015.

U.S. Bank NA is the trustee or agent.


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