Triborough Bridge and Tunnel, N.Y., extends offer to purchase bonds

By Tali David

Minneapolis, Dec. 11 - The Triborough Bridge and Tunnel Authority, N.Y., (MTA Bridges and Tunnels) is inviting bondholders to amend their offers on its series 2002E subordinate revenue refunding bonds, according to a notice.

The following bonds and their respective purchase prices are included under the offer:

• $31,645,000 of bonds due Nov. 15, 2018 at $1,216.55 per $1,000 par amount;

• $56.49 million of bonds due Nov. 15, 2019 at $1,230 per $1,000 par amount;

• $59.05 million of bonds due Nov. 15, 2020 at $1,225.99 per $1,000 par amount; and

• $61,745,000 of bonds due Nov. 15, 2021 at $1,230 per $1,000 par amount.

Bondholders entitled to a second look may amend their offers until 5 p.m. ET on Dec. 11.

As of Wednesday morning, the authority had not accepted for purchase any of the bonds offered.

Jefferies LLC (800 567-8567) is the dealer manager, and Global Advisors (attn.: Robert Stevens, 212 227-9699 or 800 974-5771) is the information agent.

© 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.