Pittsburgh Water and Sewer Authority
CUSIP 725304RN1
- Issue Currency: United States of America Dollars
- Announcement Date: 24-Aug-2015
- News: Municipal Name: Pittsburgh Water and Sewer Authority CUSIP: 725304RN1 Currency: USD Purchase Date: September 1, 2015 Purchase Price: 100% For Bond Document please visit www.BondPDF.com
- Issue Currency: United States of America Dollars
- Announcement Date: 06-Oct-2016
- 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.
- Issue Currency: United States of America Dollars
- Announcement Date: 20-Oct-2016
- News: NOTICE IS HEREBY GIVEN that on October 19, 2016, pursuant to the terms of the Seventh Supplemental Indenture dated as of June 1, 2008, (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), as amended by a Third Amending Supplement to the Initial First Lien Indenture and Fourth Amending Supplement to the Seventh Supplemental Indenture dated as of October 19, 2016, the Authority effectuated a substitution of the Liquidity Facility in place with respect to the above referenced bonds (the Bonds) with an Alternate Liquidity Facility. The Alternate Liquidity Facility, in the form of an irrevocable direct-pay letter of credit, is being provided by PNC Bank, National Association. The Bonds were subject to mandatory tender on October 19, 2016 and were, as supported by the Alternate Liquidity Facility, reoffered thereafter by PNC Capital Markets LLC.
