March 7, 2019: Jason P. Capizzi closes note financing for the Township of Weehawken

Jason P. Capizzi serves as Bond Counsel to the Township of Weehawken.  The Township successfully issued $22,084,000 Notes consisting of a $9,797,000 Bond Anticipation Note, Series 2019 A-1A; a $2,097,000 Tax Appeal Refunding Note, Series 2019 A-1A; a $483,000 Bond Anticipation Note, Series 2019 A-1B; and a $9,707,000 Taxable Bond Anticipation Note, Series 2019 A-2 dated March 7, 2019 to the Hudson County Improvement Authority.  The Series 2019 A-1A Notes bear interest at the rate of 3.00% per annum payable at maturity on March 6, 2020; the Series 2019 A-1B Note bears interest at the rate of 3.00% per annum payable at maturity on October 31, 2019; and the Series 2019 A-2 Note bears interest at the rate of 3.50% per annum payable at maturity on March 6, 2020.  The Series

 

The proceeds of the Series 2019 A-1A Notes will be used to refund $9,797,000 of a $10,193,000 Bond Anticipation Note (less $396,000 pursuant to a budget appropriation) that matures on March 21, 2019; and to refund $2,097,000 of a $2,797,000 Tax Appeal Refunding Note (less $700,000 pursuant to a budget appropriation) that matures on March 21, 2019.  The proceeds of the Series 2019 A-1B Note will be used to refund $483,000 of a $506,000 Bond Anticipation Note (less $23,000 pursuant to a budget appropriation) that matures on March 21, 2019.  The proceeds of the Series 2019 A-2 Note will be used to refund $9,707,000 of a $10,237,000 Taxable Bond Anticipation Note (less $530,000 pursuant to a budget appropriation) that matures on March 21, 2019.

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