Westminster College Announces the Successful Closing of the Conversion from Taxable to Tax-Exempt of its Series 2021B Bonds
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Thursday, June 9, 2022
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FULTON, Mo., June 9, 2022 /PRNewswire/ -- Westminster College ("College") announced the successful closing of the conversion of its $6,085,000 outstanding (Par Value) Series 2021B Bonds previously issued through the Industrial Development Authority of Callaway County, Missouri ("Authority"), from taxable bonds to tax-exempt bonds on May 4, 2022.
Key Points:
- FULTON, Mo., June 9, 2022 /PRNewswire/ -- Westminster College ("College") announced the successful closing of the conversion of its $6,085,000 outstanding (Par Value) Series 2021B Bonds previously issued through the Industrial Development Authority of Callaway County, Missouri ("Authority"), from taxable bonds to tax-exempt bonds on May 4, 2022.
- The Series 2021B Bonds are one of three series of bonds issued in July 2021 as a combination of tax-exempt and taxable revenue bonds.
- The Series 2021B Bonds were expected at the time of issuance to convert from taxable bonds to tax-exempt bonds at a future date, and the May 4 conversion closing was the successful completion of that expected step.
- "We are obviously very pleased with the successful closing of the conversion of our Series 2021B Bonds from taxable bonds to tax-exempt bonds.