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Homer City Funding to redeem $19.6 million of senior secured bonds
By Tali David
Minneapolis, March 2 - Homer City Funding LLC called $19.6 million of its senior secured bonds D, according to a news release.
The bonds will be redeemed at par plus accrued interest on April 1.
Homer City called $9 million of its 8.137% bonds due Oct. 1, 2019. Following the transaction, $174 million of the bonds will remain outstanding.
The company also called $10.6 million of its 8.734% bonds due Oct. 1, 2026. Following the transaction, $465,976,000 will remain outstanding.
The Bank of New York Mellon is the agent.
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