NOTICE IS HEREBY GIVEN that, upon the issuance of its Taxable General Fee Revenue Refunding Bond, Series 2022-A on April 29, 2022, Auburn University (the "University") established an irrevocable trust fund with The Bank of New York Mellon Trust Company, N.A., in which it deposited and set aside non-callable obligations of the United States of America maturing as to principal and interest in such amounts and at such times as will ensure the availability of sufficient funds to pay the principal and interest on certain of the University's outstanding General Fee Revenue Refunding Bonds, Series 2014-A (the "Refunded Bonds"). The Refunded Bonds will be called for redemption on June 1, 2024. The establishment of such trust for the benefit of the holders of the Refunded Bonds constitutes a defeasance of such bonds. The Refunded Bonds will be considered fully paid for purposes of the General Fee Revenue Trust Indenture, dated as of June 1, 1985, under which the Refunded Bonds were issued.
NOTICE OF DEFEASANCE (Material Event Notice)_063022
June 30, 2022, 12:01 a.m. EDT 1 Min Read