CTBH Partners LLC announced the closing of $105.2 million aggregate principal amount of tax-exempt solid waste industrial revenue bonds for its client, Waste Pro USA, Inc.
As financial advisor to the borrower, CTBH represented Waste Pro in the issuance of the Florida Development Finance Corporation Solid Waste Disposal Revenue Bonds (Waste Pro USA, Inc. Project) Series 2021 for the benefit of Waste Pro.
The bonds, which bear a 3.000 percent coupon for approximately 11 years, were priced at 104.584, with aggregate proceeds of approximately $110.0 million, to yield 2.375 percent. The bonds will mature on June 1, 2032.
The bonds are not a general obligation of the issuer and do not constitute indebtedness of the general credit of the issuer. Citigroup Global Markets Inc. served as the book runner and senior manager.
Published in the August 2021 Edition