Thursday, Feb 22, 2018
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Penta bonds placed with investment firm

Penta Career Center's $3.5 million issue of tax-exempt bonds to buy 144 acres has been placed with Seasongood & Mayer, a Cincinnati investment banking firm.

The general obligation bonds, which mature over 10 years, were priced at 4.24 percent. They received a rating of Aa3 from Moody's Investors Service. Proceeds from the bond sale will be used to buy land to expand the school.

Penta Career Center, in Perrysburg Township, offers vocational training to students in 16 northwest Ohio school districts.

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