Bond Sales - Current Issues
NYS Thruway Authority General Revenue Bonds, Series K
Closing Date: December 17, 2014*
First Maturity: January 1, 2020*
Final Maturity: January 1, 2032*
Interest Payment Dates: January 1 and July 1, commencing July 1, 2015*
Purpose of Issue: The Series K Bonds are being issued (i) to provide funds to refund certain of the Authority's Outstanding Bonds and (ii) to pay the Costs of Issuance of the Series K Bonds. The Authority regularly reviews the interest rates borne by its outstanding Bonds with a view towards reducing aggregate debt service expenses through appropriately timed and sized refundings. The Authority has authorized the issuance of up to $950 million of refunding bonds, if conditions warrant.
No portion of the proceeds of the Series K Bonds will be used to finance the New NY Bridge Project.
Security: A pledge of the Revenues and certain funds and accounts established under the General Revenue Senior Bond Resolution.
Pricing Dates: Anticipated the week of December 1, 2014*
Bookrunner: Goldman, Sachs & Co.
Co-Coordinating Manager: Ramirez & Co., Inc.
Wells Fargo Securities
CastleOak Securities, L.P.
Janney Montgomery Scott
Loop Capital Markets LLC
Bond Counsel: Hawkins Delafield & Wood L.L.P
Co-Bond Counsel: Hardwick Law Firm, LLC
Underwriters Counsel: Nixon Peabody LLP
Financial Advisor: Public Resources Advisory Group
Trustee: The Bank of New York Mellon