ACTA to Commence Public Invitation to Tender Bonds
The Invitation is part of the Authority’s plan to refinance all or a portion of the Bonds.
- The Invitation is part of the Authority’s plan to refinance all or a portion of the Bonds.
- The refinancing plan is being undertaken by the Authority for the purpose of better aligning debt service on the Authority’s bonds with estimated future Authority revenues and potentially reducing the frequency and amount of future payments required to be made by the Port of Long Beach and the Port of Los Angeles as further described in the Preliminary Official Statement dated January 5, 2024 for the Authority’s Series 2024A Bonds, Series 2024B Bonds, Series 2024C Bonds, and Series 2024D Bonds.
- There can be no assurance that the Invitation or any component of the refinancing transaction will be completed.
- The Invitation is open to all owners of the Bonds.