CUSIP 867868DQ1
- ISIN: US867868DQ18
- Entity Name: Sunshine State Governmental Financing Commission, Florida
- Sector: Municipal Agency
- Announcement Date: 10-Nov-2016
- Effective Date: *****
- Issue Date: *****
- Maturity Date: 01-Sep-2035
- Country of Issuer: United States
- Region: N.Amer
- Issue Currency: United States of America Dollars
- CA Type: Offer Repurchase
- News: NOTICE IS HEREBY GIVEN, of the replacement of the Credit Facility, issued in the form of a Letter of Credit by The Bank of New York Mellon, on December 19, 2013 by an Alternate Credit Facility in the form of Letter of Credit to be issued by MUFG Union Bank, N.A. (the Alternate Credit Facility) on December 13, 2016. Accordingly, pursuant to Section 4.01(e) of the Trust Indenture (the Indenture) dated as of December 1, 2010, between U.S. Bank National Association, successor to Deutsche Bank Trust Company Americas, as tender agent (the Trustee) and Sunshine State Governmental Financing Commission (the Issuer), the portion of the Series 2010A Bonds amortizing in the years 2029 through 2035 in the outstanding principal amount of $46,205,000 (Series 2010A Bonds) and the portion of the Series 2010B Bonds amortizing in the years 2029 through 2035 in the outstanding principal amount of $46,205,000 (Series 2010B Bonds) is subject to mandatory tender for purchase on December 13, 2016 (the Tender Date) at a purchase price equal to the principal amount thereof, plus interest accrued (the Tender Price) to the Tender Date, as a result of the proposed replacement of the Credit Facility. Notice is hereby given of the following: (i) the Credit Facility will be replaced on December 13, 2016 (the Effective Date) and the Series 2010A Bonds and the Series 2010B Bonds will no longer be payable from the Credit Facility then in effect and that any rating applicable to such Series 2010A Bonds or Series 2010B Bonds may be reduced or withdrawn; (ii) the Alternate Credit Facility will be in effect on the Effective Date with respect to the Series 2010A Bonds and the Series 2010B Bonds; (iii) on the Effective Date, the ratings on the Series 2010A Bonds and the Series 2010B Bonds is expected to be A-1 (Standard & Poors); (iv) the Tender Price for the Series 2010A Bonds and the Series 2010B Bonds subject to mandatory tender shall be payable only upon surrender of the Series 2010A Bond or Series 2010B Bond to the Trustee at its Principal Office for delivery of Bonds, accompanied by an instrument of transfer, in form satisfactory to the Trustee, executed in blank by the Bondholder or its dulyauthorized attorney, with such signature guaranteed by a commercial bank, trust company or member firm of the New York Stock Exchange; (v) that, provided that moneys sufficient to effect such purchase shall have been provided through the remarketing of such Series 2010A Bonds and Series 2010B Bonds by the Remarketing Agent, through the Credit Facility or funds provided by the Issuer (in its sole discretion), all Series 2010A Bonds and Series 2010B Bonds subject to mandatory tender for purchase shall be purchased on the mandatory Tender Date; and (vi) that if any Holder of a Series 2010A Bond or Series 2010B Bond subject to mandatory tender for purchase does not surrender that Series 2010A Bond or Series 2010B Bond to the Trustee for purchase on the mandatory Ten
- Description: Municipal Name: Sunshine State Governmental Financing Commission, Florida CUSIP: 867868DQ1 Currency: USD Purchase Date: December 13, 2016 Purchase Price: 100%
- Bond Document: https://www.bondpdf.com/
- Latest Corporate Actions: https://www.CAalerts.com/credit-corporate-action/ISIN/US867868DQ18
