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Carroll County, Ky., Kentucky Utilities bonds have mandatory tender
By Marisa Wong
Madison, Wis., April 25 - The County of Carroll, Ky., gave notice that its Kentucky Utilities Co. Project environmental facilities revenue bonds, 2006 series B and 2008 series A, are subject to mandatory tender for purchase on May 2.
Affected are $54 million of 2006B bonds and $77,947,405 of 2008A bonds.
The bonds will be purchased at par plus accrued interest to the purchase date.
The mandatory tender is a result of the replacement of the bonds' existing credit facility issued by Wells Fargo Bank, NA with an alternate facility issued by Sumitomo Mitsui Banking Corp., New York Branch on May 2.
Deutsche Bank Trust Co. Americas is the trustee.
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