CUSIP 725304RE1
- ISIN: US725304RE18
- Entity Name: Pittsburgh Water and Sewer Authority
- Sector: Municipal Agency
- Announcement Date: 06-Oct-2016
- Effective Date: *****
- Issue Date: *****
- Maturity Date: 01-Sep-2039
- Country of Issuer: United States
- Region: N.Amer
- Issue Currency: United States of America Dollars
- CA Type: Offer Repurchase
- News: NOTICE IS HEREBY GIVEN pursuant to Section 7-6.602 of the Seventh Supplemental Indenture dated as of June 1, 2008, as amended (the Indenture) by and between The Pittsburgh Water and Sewer Authority (the Authority) and The Bank of New York Mellon Trust Company, N.A., as Trustee (the Trustee), that the above referenced bonds (the Bonds) are subject to Mandatory Tender for Purchase in whole on October 19, 2016 (the Purchase Date) and will be purchased on the Purchase Date by payment of an amount equal to the principal amount thereof plus accrued interest (the Purchase Price) in accordance with the Indenture. The Bonds are subject to mandatory tender as a result of the expiration and substitution of the Liquidity Facility related to the Bonds (as defined in the Indenture). On the Purchase Date and subsequently following the successful tender of the Bonds by the prior bondholders, the Bonds will be remarketed with an Alternate Liquidity Facility (as defined in the Indenture) pursuant to the terms of a Fourth Amending Supplement to the Seventh Supplemental Indenture. Payment of principal and accrued interest on the tendered Bonds will be made on October 19, 2016, with such interest ceasing to accrue beyond the Purchase Date. Bonds not submitted for payment of the Purchase Price on the Purchase Date will be deemed to have been purchased and will cease to accrue interest.
- Description: Municipal Name: Pittsburgh Water and Sewer Authority CUSIP: 725304RE1 Currency: USD Purchase Date: October 19, 2016 Purchase Price: 100%
- Bond Document: https://www.bondpdf.com/
- Latest Corporate Actions: https://www.CAalerts.com/credit-corporate-action/ISIN/US725304RE18
