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Athletic Recreation Center Phase 1 Debt Certificate Financing Issued

May 5, 2014 – The Woodridge Park District went to market on the sale of the Phase 1 financing for the Athletic Recreation Center (ARC) on April 30, 2014 and is pleased to report the District sold its Debt Certificates to yield an average 3.94%, which includes all costs of issuance over the 20 year retirement duration, with yields to investors ranging from 0.65% to 4.10%. Priced with a rating of AA- / Stable Outlook from Standard & Poor’s, the District will produce net proceeds of $9,860,314 at closing which is scheduled for May 15, 2014.

Phase 2 financing for the ARC is tentatively scheduled to occur in 2015 subsequent to the acceptance of construction bids for the ARC.

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