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Butler Area SD board unanimously approves consultants to pursue termination and refinancing of Series 2007 bonds
Summary
At a special April 6 meeting, the Butler Area SD board voted 6-0 to retain PNC Financial's Alisha Henry and attorney Anthony Ditka of Dinsmore & Shohl to facilitate termination of the district's Series 2007 floating-rate bonds with JP Morgan and pursue fixed-rate refinancing; next steps will be presented April 20.
The Butler Area School District Board voted unanimously April 6 to retain advisors to terminate the district's Series 2007 Libor-index floating-rate bonds and pursue replacement financing. The board approved a motion to retain Alisha Henry of PNC Financial and Anthony Ditka of the law firm Dinsmore & Shohl and authorized district officials to execute required documentation.
Superintendent Dr. White told the board that terminating the Series 2007 floating-rate bonds…
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