By Sheri Kasprzak
New York, Dec. 11 – The City of Whiting, Ind., sold $300 million of series 2014 environmental facilities revenue bonds for BP Products North America Inc., according to an official statement.
The bonds are due Dec. 1, 2044 and bear interest at the Sifma index rate plus 75 bps priced at 99.50.
The bonds were sold through Morgan Stanley & Co. LLC.
Proceeds will be used to finance the construction of an industrial sewage facility to control and handle waste at BP’s Whiting, Ind., facility.
| Issuer: | City of Whiting/BP Products North America Inc.
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| Issue: | Series 2014 environmental facilities revenue bonds
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| Amount: | $300 million
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| Maturity: | Dec. 1, 2044
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| Coupon: | Sifma index rate plus 75 bps
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| Price: | 99.50
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| Type: | Negotiated
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| Underwriter: | Morgan Stanley & Co. LLC
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| Pricing date: | Dec. 10
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| Settlement date: | Dec. 12
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