By Sheri Kasprzak
New York, Nov. 23 - The Person County Industrial Facilities and Pollution Control Financing Authority of North Carolina sold $81.5 million of series 2010 recovery zone facilities bonds for CertainTeed Gypsum NC Inc., according to an official statement.
The bonds (Aa3/P-1/A+/A-1/) were sold on a negotiated basis with Bank of America Merrill Lynch as the underwriter.
The bonds are due Nov. 1, 2035 and bear interest at the weekly rate.
Proceeds will be used to construct a 520,000 square foot wallboard manufacturing facility for CertainTeed in Roxboro, N.C.
Based in Roxboro, N.C., the authority provides funding for industrial development and pollution control projects throughout the county. CertainTeed, based in Valley Forge, Pa., manufactures building materials for commercial and residential construction.
| Issuer: | Person County Industrial Facilities and Pollution Control Financing Authority/CertainTeed Gypsum NC Inc.
|
| Issue: | Series 2010 recovery zone facilities bonds
|
| Amount: | $81.5 million
|
| Maturity: | Nov. 1, 2035
|
| Coupon: | Weekly rate
|
| Price: | Par
|
| Type: | Negotiated
|
| Underwriter: | Bank of America Merrill Lynch
|
| Ratings: | Moody's: Aa3/P-1
|
| Standard & Poor's: A+/A-1
|
| Pricing date: | Nov. 18
|
| Settlement date: | Nov. 24
|
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