The Oklahoma Municipal Power Authority (“Authority”) is soliciting proposals from qualified verification agents in connection with the proposed issuance of its Power Supply System Revenue and Revenue Refunding Bonds Series 2025 (the “Series 2025 Bonds”). The proposed Series 2025 Bonds would be issued to (a) finance and refinance capital expenditures in an amount up to approximately $263,000,000, (b) refund (i) Power Supply System Revenue Refunding Bonds Series 2021B (Federally Taxable) (the “Series 2021B Bonds”); (ii) Power Supply System Revenue Refunding Bonds Series 2016A (the “Series 2016A Bonds”); and (iii) Power Supply System Revenue Refunding Bonds Series 2014B (the “Series 2014B Bonds” and collectively with the Series 2021B Bonds and Series 2016A Bonds, the “Refunded Bonds”, (c) fund up to three years of capitalized interest and required deposits to the Debt Service Reserve Account of the Debt Service Fund, and (d) pay of costs of issuance. The Authority expects to (a) establish an Escrow Fund to defease the Series 2016A Bonds and Series 2014B Bonds to their optional redemption date of January 1, 2026, and (b) establish an Escrow Fund to defease the Series 2021B Bonds to maturity and/or tender for purchase the Series 2021B Bonds. The refinancing of the Refunded Bonds is expected to be funded through the issuance of the Authority’s Power Supply System Revenue and Revenue Refunding Bonds Series 2025, expected to price approximately September 16, 2025 and deliver on or about October 2, 2025.
