California Pollution Control's 2010 Republic Services bonds have mandatory tender for purchase

By Marisa Wong

Madison, Wis., Jan. 14 - The California Pollution Control Financing Authority gave notice that its outstanding series 2010A and 2010B Republic Services, Inc. Project solid waste refunding revenue bonds, totaling $164.86 million, are subject to a mandatory tender for purchase on Feb. 1.

The bonds will be purchased at par plus accrued interest to the purchase date.

Affected are $144.205 million of 1% 2010A bonds due Aug. 1, 2023 and $20.655 million of 0.75% 2010B bonds due Aug. 1, 2024.

The mandatory tender is the result of a conversion of the bonds on Feb. 1 to a new term interest rate ending April 30.

The Bank of New York Mellon Trust Co., NA is the trustee and agent.

Republic is a waste collection company based in Phoenix.

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