California Pollution Control's $164.86 million Republic Services bonds have mandatory tender

By Marisa Wong

Madison, Wis., April 15 - California Pollution Control Financing Authority gave notice that its $164.86 million of Republic Services, Inc. Project solid waste refunding revenue bonds are subject to mandatory tender for purchase on May 2.

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

Affected are $144.205 million of 1.875% bonds due Aug. 1, 2023 and $20.655 million of 1.5% bonds due Aug. 1, 2024.

The mandatory tender is due to the conversion of the bonds on May 2 to a new term interest rate period ending July 31.

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

Republic Services is a Phoenix-based company that provides recycling and solid waste collection, transfer and disposal services in the United States and Puerto Rico.

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