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Learn about Recent Transactions for Ohio Enterprise Bond Fund Program, including Series 2013-2: OMNOVA and Series 2012-7: Connor Group.
Series 2013-2: OMNOVA
Borrower: OMNOVA Solutions, Inc.
Location: Beachwood, Ohio
Project Description: Acquisition of land and the construction of a new headquarters, leased on a capital lease basis from the Cleveland-Cuyahoga County Port Authority to OMNOVA Solutions.
Project Costs: $18,500,000
Date Closed: November 2013
Term: 20 years
Fixed Rate: 4.47%
Bond Par Amount: $7,000,000
Series 2012-7: Connor Group
Borrower: The Connor Group
Location: Miamisburg, Ohio
Project Description: Financing a portion of the costs of constructing, equipping and furnishing an approximately 39,000 square foot LEED certified office facility leased from the Dayton-Montgomery County Port Authority to the Connor Group.
Project Costs: $16,685,000
Date Closed: August 2012
Term: 15 years
Fixed Rate: 4.215%
Bond Par Amount: $8,350,000