Indianapolis Airport's tender offer expires; no bonds to be purchased

By Tali David

Minneapolis, Aug. 16 - The Indianapolis Airport Authority said its invitation for bondholders to tender their shares of United Air Lines, Inc., Indianapolis Maintenance Center Project series 1995A 6.5% special facility revenue bonds for cash has expired, according to a notice.

The authority said that the conditions specified in its invitation were not satisfied on or before the Aug. 15 tender date and accordingly, no bonds will be purchased pursuant to the invitation and all bonds previously tendered pursuant to the invitation will be returned to the holders.

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