Missouri HEFA’s Saint Louis University bonds have mandatory tender

By Tali Rackner

Norfolk, Va., June 24 – The Missouri Health & Educational Facilities Authority said its $51.08 million of series 1999B variable-rate demand educational facilities revenue bonds issued for Saint Louis University are subject to mandatory tender, according to a notice.

The bonds, which are due Oct. 1, 2024, will be purchased at par plus accrued interest on July 1.

The mandatory tender was triggered by the announcement that the university plans to replace its existing liquidity facility with an alternate liquidity facility to be issued by U.S. Bank NA.

UMB Bank, NA is the trustee.

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