Carmel, IN – Indiana Municipal Power Agency (“IMPA”) plans to issue approximately $100 million of tax-exempt fixed-rate bonds on October 26, 2017 through a negotiated sale. The proceeds from the sale of the bonds will be used for capital improvements to IMPA’s power supply system. The sale will be led by book-running senior manager Citigroup, with BofA, Merrill Lynch, Goldman Sachs, J.P. Morgan, PNC Capital Markets LLC, Stifel and US Bancorp serving as co-managers. A Preliminary Official Statement is expected to be available on October 19, 2017.
     IMPA, a political subdivision of the State of Indiana, is a joint-action agency that provides wholesale electricity and transmission services to 61 municipalities in Indiana and Ohio. IMPA owns approximately $1.7 billion of generation, transmission and other assets and has total revenue bonds outstanding of approximately $1.2 billion. IMPA’s current long-term municipal ratings are A+ and A1 by the major rating agencies.
     For more information, please contact Chris Rettig, Senior Vice President and CFO of IMPA, at 317-573-9955 or by email at crettig@impa.com.
     The Indiana Municipal Power Agency is the not-for-profit wholesale power provider to 61 cities and towns across Indiana and Ohiowho own and operate the municipal electric distribution systems in their communities. IMPA member communities deliver electric service to approximately 340,000 individuals. For more information, visit www.IMPA.com.