Louisville/Jefferson County Metro Government
CUSIP 54659LAK0
- Issue Currency: United States of America Dollars
- Announcement Date: 15-Jul-2016
- News: NOTICE IS HEREBY GIVEN to the owners of the above-referenced bonds (the Series 2011A Bonds) by The Bank of New York Mellon Trust Company, N.A., as trustee (the Trustee), pursuant to the Trust Indenture, dated as of August 1, 2011 (the Trust Indenture), between Louisville/Jefferson County Metro Government (the Issuer) and the Trustee, that: (1) In connection with the delivery of an Alternate Credit Facility, the Series 2011A Bonds will be subject to mandatory tender for purchase on July 27, 2016 (the Mandatory Tender Date), at a purchase price equal to 100% of the principal amount thereof plus interest accrued and unpaid with respect thereto, but not including, the Mandatory Tender Date (the Tender Price). The interest on the Series 2011A Bonds shall cease to accrue from and after the Mandatory Tender Date. The Series 2011A Bonds will be deemed to have been tendered on the Mandatory Tender Date, for all purposes of the Trust Indenture, whether or not the Series 2011A Bonds have been delivered to the Trustee. Upon receipt by the Trustee of funds sufficient to purchase the Series 2011A Bonds, each Series 2011A Bond will be deemed purchased (whether or not such Series 2011A Bond is delivered) on the Mandatory Tender Date, and will no longer be Outstanding for purposes of the Trust Indenture. The former owner of such Series 2011A Bond will no longer be entitled to the benefits of the Trust Indenture, except for the purpose of payment of the Tender Price thereof, and will thereafter have no claim under the Trust Indenture or otherwise, for any amount other than such Tender Price. For Bond Document please visit www.BondPDF.com
- Issue Currency: United States of America Dollars
- Announcement Date: 15-Jul-2016
- News: NOTICE IS HEREBY GIVEN to the owners of the above-referenced bonds (the Series 2011B Bonds) by The Bank of New York Mellon Trust Company, N.A., as trustee (the Trustee), pursuant to the Trust Indenture, dated as of August 1, 2011 (the Trust Indenture), between Louisville/Jefferson County Metro Government (the Issuer) and the Trustee, that: (1) In connection with the delivery of an Alternate Credit Facility, the Series 2011B Bonds will be subject to mandatory tender for purchase on July 27, 2016 (the Mandatory Tender Date), at a purchase price equal to 100% of the principal amount thereof plus interest accrued and unpaid with respect thereto, but not including, the Mandatory Tender Date (the Tender Price). The interest on the Series 2011B Bonds shall cease to accrue from and after the Mandatory Tender Date. The Series 2011B Bonds will be deemed to have been tendered on the Mandatory Tender Date, for all purposes of the Trust Indenture, whether or not the Series 2011B Bonds have been delivered to the Trustee. Upon receipt by the Trustee of funds sufficient to purchase the Series 2011B Bonds, each Series 2011B Bond will be deemed purchased (whether or not such Series 2011B Bond is delivered), and will no longer be Outstanding for purposes of the Trust Indenture. The former owner of such Series 2011B Bond will no longer be entitled to the benefits of the Trust Indenture, except for the purpose of payment of the Tender Price thereof, and will thereafter have no claim under the Trust Indenture or otherwise, for any amount other than such Tender Price. For Bond Document please visit www.BondPDF.com
- Issue Currency: United States of America Dollars
- Announcement Date: 27-Jul-2016
- News: This Notice is being provided by Norton Healthcare, Inc. (the Corporation) pursuant to its Disclosure Dissemination Agent Agreement, dated as of August 1, 2011 (the Disclosure Agreement) relating to the Louisville/Jefferson County Metro Government Health System Variable Rate Revenue Bonds, Series 2011B (Norton Healthcare, Inc.) (the Bonds), as notification of the occurrence of the following events: On July 27, 2016, a letter of credit issued by PNC Bank, National Association (PNC Bank) will be substituted for the letter of credit issued by JPMorgan Chase Bank, N.A. (JPMC), securing the Bonds. As a result, the Bonds are subject to mandatory tender on July 27, 2016. On July 18, 2016, Fitch Ratings, Inc. (Fitch) announced that effective July 27, 2016, the ratings on the Bonds would be downgraded to A+/F1 with a stable outlook from AA-/F1+ in connection with the substitution of the irrevocable direct-pay letter of credit previously provided by JPMC (rated AA- /F1+) with a substitute letter of credit provided by PNC Bank (rated A+/F1). For Bond Document please visit www.BondPDF.com
