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BOSTON UNIVERSITY ANNOUNCES COMMENCEMENT OF CASH TENDER OFFER | PR Newswire [Video]

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Public Relations

, /PRNewswire/ — Trustees of Boston University (the “University“) today announced, in connection with the University’s previously announced plan to issue tax-exempt bonds, an offer to purchase any and all of the University’s outstanding taxable fixed rate bonds described in the table below (together, the “Bonds“), for the consideration listed in the table below.  Capitalized terms used but not defined in this press release have the meanings given to them in the Invitation (as defined below).

BOSTON UNIVERSITY 

Taxable Revenue Bonds, Series CC

CUSIP: 89838QAA1

The Purchase Price for the Target Bonds which the University determines to purchase, if any, will be calculated by the University based on a yield determined by adding the Fixed Spread to the yield on the relevant benchmark United States Treasury Security specified above (the “Benchmark Treasury Security”) as further described in the Invitation under “Tender Considerations.” The Purchase Price does not include the applicable accrued interest, which will …

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