California Pollution Control revenue bonds have mandatory tender

By Ashley Montgomery

Kansas City, Kan., Jan. 17 - California Pollution Control Financing Authority gave notice that $164.86 million of its Republic Services, Inc. Project solid waste refunding revenue bonds, series 2010A and 2010B, are subject to mandatory tender for purchase on Feb. 1.

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

Affected are $144,205,000 of 1.2% series 2010A bonds due Aug. 1, 2023 and $20,655,000 of 0.7% series 2010B bonds due Aug. 1, 2024.

The mandatory tender is connected to a new term interest rate period on the bonds ending April 30. The bonds will be converted to the new rate on Feb. 1 and will then be subject to purchase.

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 and transfer and disposal services in the United States and Puerto Rico.

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