Pratt Industries gains $96 million in municipal securities for refinancing New York City mill; Indiana town tables vote again on $10 million in bonds for new mill

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Pratt Industries gains $96 million in municipal securities for refinancing New York City mill; Indiana town tables vote again on $10 million in bonds for new mill

November 25, 2014 - 05:09

Build NYC Resource Corp., which promotes economic development in the city, plans to sell about $96 million of revenue debt for a unit of Pratt Industries, with proceeds going to refinance bonds and buy equipment.

The Pratt Paper (NY) Inc. facility will use some funds from this week's offer of unrated municipal securities to acquire machinery to convert wastepaper into recycled products, according to bond documents.

Bloomberg Business Week - Build NYC to Sell $96 Million for Pratt Paper Mill: Muni Deals

Valparaiso, IN, city council tables action on $10 million bonds for sewage facility for new Pratt mill [From the web]

VALPARAISO, IN - The City Council on Monday once again tabled taking final action on $10 million in economic development revenue bonds for the construction of a sewage pretreatment facility at Pratt Industries paper mill.

The council chambers were filled with local building and trades union members at a Nov. 10 meeting where City Economic Development Director Patrick Lyp said Randy Palmeteer, business manager for the Northwestern Indiana Building & Construction Trades Council, expressed some concerns with members of various unions regarding the project.

Northwest Indiana Times - Council tables vote on Pratt facility again

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