Bond Series: 2013 Series A Bonds
Closed: March 5, 2013
Bond Size: $29,500,000
Credit Rating: Not Rated
Credit Enhancement: None
Purchaser: TD Bank, N.A.
Interest Rate: Fixed, Tax-Exempt
Final Maturity: 2026
Purpose: i) Refund FAHC’s 2000 Series A bonds; and ii) pay for issuance costs related to the financing.
Project Benefit: The refunding is expected to save FAHC an estimated average cash flow savings of $930,000 over the first nine years. The estimated present value savings from the funding is almost $12 million.
Economic Benefits: N/A