Public Finance Authority, Wis., preps $143 million solid waste bonds

By Sheri Kasprzak

New York, April 25 – The Public Finance Authority of Wisconsin is expected to price $143 million of series 2016A solid waste disposal revenue bonds for Waste Management, Inc., according to a preliminary official statement.

The bonds (/A-/A-2) will be sold on a negotiated basis with BofA Merrill Lynch as the senior manager and Siebert Brandford Shank & Co. LLC as the co-manager.

The deal includes $38 million of series 2016A-1 bonds, $40 million of series 2016A-2 bonds, $55 million of series 2016A-3 bonds and $10 million of series 2016A-4 bonds.

The 2016A-1 bonds are due Nov. 1, 2025, and the 2016A-2 bonds are due May 1, 2027. The 2016A-3 bonds are due July 1, 2029, and the 2016A-4 bonds are due April 1, 2033.

Proceeds will fund loans to the Business Finance Authority of New Hampshire to refund it series 2002 solid waste disposal bonds; the Gulf Coast Waste Disposal Authority of Texas to refund its series 2003A and 2003C solid waste disposal bonds; the Pennsylvania Economic Development Authority to refund its series 2005A solid waste disposal bonds; the Industrial Development Authority of Yavapai County, Ariz., to refund its series 2003A-1 solid waste bonds; Gilliam Count, Ore., to refund its series 2002 variable-rate solid waste bonds; the Illinois Finance Authority to refund its series 2005 solid waste disposal bonds; and the Cobb County Development Authority of Georgia to refund its series 2004A R-1 bonds.

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