Diamondbacks receive tenders for $39.88 million of Ballpark bonds

By Tali David

Minneapolis, Nov. 30 - AZPB LP Partnership, dba Arizona Diamondbacks announced that it has received $39.88 million of tenders from its offer to buy the $97.73 million of outstanding Industrial Development Authority of the City of Phoenix stadium revenue bonds (Bank One Ballpark Project), taxable series 1998, according to a press release.

The offer expired at 5 p.m. ET on Nov. 29.

The company said it received $12,435,000 of tenders in its offer for the $28.13 million of bonds due Dec. 1, 2016 and $27,445,000 from its offer for the $69.6 million of bonds due Dec. 1, 2025.

The settlement date is expected to be Dec. 1.

As previously reported, the tender was extended to its current expiration deadline on Nov. 15.

J.P. Morgan Securities LLC is the dealer manager (212 834-3261). Bondholder Communications Group is the information agent (212 809-2663 or 888 385-2663).

The Diamondbacks are a professional baseball league based in Phoenix.

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