By Sheri Kasprzak
New York, July 13 - The New Jersey Economic Development Authority priced $65 million in series 2009 facilities revenue bonds for United Water on Monday, according to a statement from the utility.
The bonds (/A-/) are due July 1, 2039 and have a 5.5% coupon, priced at par.
Edward Jones was the sole underwriter for the deal.
United Water, based in Harrington Park, N.J., is a subsidiary of Suez Environment, a water and waste management services company, and provides water and wastewater services.
| Issuer: | New Jersey Economic Development Authority/United Water
|
| Issue: | Series 2009 facilities revenue bonds
|
| Amount: | $65 million
|
| Type: | Negotiated
|
| Underwriter: | Edward Jones
|
| Maturity: | July 1, 2039
|
| Coupon: | 5.5%
|
| Price: | Par
|
| Rating: | Standard & Poor's: A-
|
| Pricing date: | July 13
|
| Settlement date: | July 23
|
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