New Hampshire Higher Education Loan Corporation Announces Modified Dutch Auction Tender Offer with Respect to Certain Education Loan Revenue Bonds
CONCORD, N.H., May 24 /PRNewswire/ -- The New Hampshire Higher Education Loan Corporation (the "Corporation") today announced that it has commenced an offer to purchase (the "Offer") for cash, upon the terms and subject to the conditions set forth in the Invitation to Offer to Sell Auction Rate Bonds, dated May 24, 2010 (the "Invitation"), with respect to the outstanding auction rate Education Loan Revenue Bonds listed below (collectively the "Bonds").
New Hampshire Health and Education Facilities Authority Education Loan Revenue Bonds New Hampshire Higher Education Loan Corporation Issues (the "Tax Exempt Senior Auction Rate Bonds") |
||||
Series |
CUSIP Number(1)1 |
Series |
CUSIP Number(1) |
|
2000A3 |
644614 AD 1 |
2004A2 |
644614 HH 5 |
|
2001A |
644614 CV 9 |
2005A1 |
64461R FH 6 |
|
2002A |
644614 EX 3 |
2005A2 |
64461R FJ 2 |
|
2003A |
644614 FQ 7 |
2006A |
644614 PC 7 |
|
2004A1 |
644614 HG 7 |
2007A |
644614 SJ 9 |
|
New Hampshire Health and Education Facilities Authority Education Loan Revenue Bonds New Hampshire Higher Education Loan Corporation Issues (the "Tax Exempt Subordinate Auction Rate Bonds") |
||||
Series |
CUSIP Number(1) |
Series |
CUSIP Number(1) |
|
1999B |
64461R FC 7 |
2005B |
64461R FK 9 |
|
2001B |
644614 CW 7 |
2006B |
644614 PD 5 |
|
2002B |
644614 EY 1 |
2007B |
644614 SK 6 |
|
2004B |
644614 HJ 1 |
|||
New Hampshire Higher Education Loan Corporation Education Loan Revenue Bonds (the "Taxable Senior Auction Rate Bonds") |
||||
Series |
CUSIP Number(1) |
Series |
CUSIP Number(1) |
|
1997A1 |
644616 AA 2 |
2001A2 |
644616 AM 6 |
|
1998A1 |
644616 AD 6 |
2002A1 |
644616 AQ 7 |
|
1998A2 |
644616 AE 4 |
2004A1 |
644616 AR 5 |
|
1999A1 |
644616 AF 1 |
2004A2 |
644616 AS 3 |
|
1999A2 |
644616 AG 9 |
2006A1 |
644616 AT 1 |
|
2000A1 |
644616 AJ 3 |
2006A2 |
644616 AU 8 |
|
2000A2 |
644616 AK 0 |
2006A3 |
644616 AV 6 |
|
2001A1 |
644616 AL 8 |
2007A1 |
644622 AA 0 |
|
Subject to the terms of the Offer, the Corporation will purchase any Bonds accepted for purchase at separate purchase prices per $1,000 principal amount determined for (a) the TaxExempt Senior Auction Rate Bonds of each series accepted for purchase, (b) the TaxExempt Subordinate Auction Rate Bonds of each series accepted for purchase and (c) the Taxable Senior Auction Rate Bonds of each series accepted for purchase, each in accordance with a "Modified Dutch Auction" procedure described in the Invitation, plus accrued and unpaid interest thereon to, but not including, the date that payment for such Bonds is made by the Corporation. The Offer will expire at 5:00 p.m., New York City time, on June 18, 2010, unless extended (the "Expiration Date"). Tendered Bonds may be withdrawn at any time on or prior to 5:00 p.m., New York City time, on the Expiration Date.
The Corporation will only have a limited amount of funds, expected to be no more than approximately $525,000,000, available to purchase any Bonds tendered for purchase, and may not be able to purchase all Bonds tendered for purchase pursuant to the Offer. The Bonds to be purchased, if any, will be selected as described in the Invitation.
D.F. King & Co., Inc. will act as the information agent and depositary agent. Bondowners or their representatives may request copies of the Invitation, which contains the full terms and conditions of the Offer, and submit any questions or requests for assistance to:
D.F. KING & CO., INC. |
|
48 Wall Street, 22nd Floor |
|
New York, New York 10005 |
|
Attn: Mark Fahey |
|
Banks and Brokers Call: (212) 269-5550 |
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All Others call Toll Free: (800) 859-8509 |
|
This press release is for informational purposes only and is not an offer to purchase or a solicitation of an offer to purchase with respect to any Bonds. The Offer is being made solely pursuant to the Invitation and related documents. The Offer is not being made to holders of Bonds in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction.
(1) CUSIP is a registered trademark of American Bankers Association. None of the Corporation, the Authority or the Depositary Agent makes any representation as to, or takes any responsibility for, the accuracy of such CUSIP numbers. CUSIP numbers are provided for convenience of reference only
SOURCE New Hampshire Higher Education Loan Corporation
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