The Star - News, views and advertising of the Grand Coulee Dam Area

Coulee Medical Center ER and Walk-In Care

Grant PUD restructures $77 million in debt ahead of tax changes

 


Grant PUD has refinanced $77 million in outstanding debt to reduce finance costs, help hold a planned 2018 rate-revenue increase to 2 percent, and more equitably align debt burden to the life of the assets it finances, a PUD press release stated Tuesday.

“This transaction increases customer value by spreading the debt burden over the multiple generations who will benefit from the equipment upgrades it financed,” Bonnie Overfield, senior manager of finance, said.

The transaction refinances bonds of varying maturity dates through 2023 into a single new issue of 30-year bonds. The sale bec...



For access to this article please sign in or subscribe.



You might be interested in:
 

Reader Comments
(0)