King County, Wash., defeases $124.73 million of sewer revenue bonds

By Tali David

Minneapolis, Sept. 19 - King County, Wash., defeased $124.73 million from three series of its bonds, according to multiple notices.

The defeasance includes $48.04 million of series 2004A sewer revenue bonds, $55.59 million of series 2005 limited-tax general obligation bonds and $21.1 million of series 2006 sewer revenue and refunding bonds.

The following bonds are affected:

• $11.24 million of 4.5% 2004A bonds due Jan. 1, 2030;

• $23,995,000 of 4.5% 2004A bonds due Jan. 1, 2032;

• $12,805,000 of 4.75% 2004A bonds due Jan. 1, 2033;

• $12,385,000 of 5% 2005 bonds due Jan. 1, 2030;

• $43,205,000 of 5% 2005 bonds due Jan. 1, 2035;

• $2.53 million of 5% 2006 bonds due Jan. 1, 2018;

• $2.68 million of 5% 2006 bonds due Jan. 1, 2019;

• $2,855,000 of 5% 2006 bonds due Jan. 1, 2020;

• $3,005,000 of 5% 2006 bonds due Jan. 1, 2021;

• $3.19 million of 5% 2006 bonds due Jan. 1, 2022;

• $3,365,000 of 5% 2006 bonds due Jan. 1, 2023; and

• $3,475,000 of 5% 2006 bonds due Jan. 1, 2024.

U.S. Bank, NA is the escrow agent.

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