Mid-Bay Bridge Authority of Florida extends tender deadline to May 11

By Wendy Van Sickle

Columbus, Ohio, May 5 – Mid-Bay Bridge Authority of Florida is extending the deadline for bondholders to participate in its tender offer to May 11 at 5 p.m. ET. The initial deadline was 5 p.m. ET on May 4.

As previously announced, the tender offer, which began on April 16, targets the issuer’s revenue refunding bonds, series 2008A and a portion of its springing lien revenue bonds, series 2011A and 2011B as follows:

• All $1.55 million of 5% 2008A bonds due Oct. 1, 2015;

• All $1,675,000 of 5% 2008A bonds due Oct. 1, 2016;

• All $2,015,000 of 4% 2008A bonds due Oct. 1, 2017;

• All $1.44 million of 4% 2008A bonds due Oct. 1, 2018;

• All $10,945,000 of 5% 2008A bonds due Oct. 1, 2022;

• All $14.1 million of 5% 2008A bonds due Oct. 1, 2027;

• $3.2 million of the $41.5 million 7.25% 2011A bonds due Oct. 1, 2034;

• $7,895,000 of the $102.45 million 7.25% 2011A bonds due Oct. 1, 2040;

• $155,000 of the $2 million of 5% 2011B bonds due Oct. 1, 2016; and

• $675,000 of the $8,725,000 7% 2011B bonds due Oct. 1, 2027.

Pricing will be announced on May 11. The new settlement date is slated for June 13.

Goldman Sachs & Co. (212 902-6617) is the dealer manager. Globic Advisors (212 227-9699) is the information agent.

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