By Sheri Kasprzak
New York, Sept. 4 - Microgy Holdings, LLC in California priced $62.425 million in series 2008 environmental facilities revenue bonds Wednesday, said a form 8-K filed Thursday with the Securities and Exchange Commission. The bonds were priced through the California Statewide Communities Development Authority.
The bonds, due Dec. 1, 2038, have a 9% coupon, priced at par, said the SEC filing.
The offering is the first tranche in a planned $88.445 million sale with the second tranche expected to close in October.
Ziegler Capital Markets was the lead manager for the negotiated offering.
Proceeds will be used to construct and equip the company's California solid waste disposal facilities, which create renewable natural gas from cow manure.
| Issuer: | Microgy Holdings, LLC/California Statewide Communities Development Authority
|
| Issue: | Series 2008 environmental facilities revenue bonds
|
| Amount: | $62.425 million
|
| Type: | Negotiated
|
| Maturity: | Dec. 1, 2038
|
| Coupon: | 9%
|
| Price: | Par
|
| Underwriter: | Ziegler Capital Markets (lead)
|
| Pricing date: | Sept. 3
|
| Settlement date: | Oct. 1
|
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