By Sheri Kasprzak
New York, Dec. 7 – The Macon-Bibb Industrial Development Authority of Georgia sold $160 million of series 2015 industrial development revenue bonds for Tumho Tire Georgia Inc., according to a pricing sheet.
The bonds (Aa3/P-1/AA-/A-1+) were sold through BofA Merrill Lynch.
The deal included $100 million of series 2015A bonds and $60 million of series 2015B bonds.
Both bonds are due Dec. 1, 2022 and have a 0.45% coupon priced at par.
Proceeds will be used to finance a loan to Tumho Tire Georgia.
| Issuer: | Macon-Bibb Industrial Development Authority/Tumho Tire Georgia Inc.
|
| Issue: | Series 2015 industrial development revenue bonds
|
| Amount: | $160 million
|
| Type: | Negotiated
|
| Underwriter: | BofA Merrill Lynch
|
| Ratings: | Moody’s: Aa3/P-1
|
| Standard & Poor’s: AA-/A-1+
|
| Pricing date: | Dec. 3
|
| Settlement date: | Dec. 3
|
|
|
| $100 million series 2015A bonds
|
| Maturity | Type | Coupon | Price
|
| Dec. 1, 2022 | Term | 0.45% | 100
|
|
|
| $60 million series 2015B bonds
|
| Maturity | Type | Coupon | Price
|
| Dec. 1, 2022 | Term | 0.45% | 100
|
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