Tri-State Generation and Transmission Association $100 million tender offers
The company offered cash for certain outstanding first mortgage bonds
Davis Polk advised the dealer managers in connection with Tri-State Generation and Transmission Association, Inc.’s cash tender offers to purchase for cash up to $100 million aggregate principal amount of certain of its outstanding first-mortgage bonds.
Tri-State is a wholesale power supply cooperative, operating on a not-for-profit basis, with 45 members, including 42 utility electric distribution cooperative and public power district members in four states that together deliver reliable, affordable and responsible power to more than a million electricity consumers across nearly 200,000 square miles of the West.
The Davis Polk capital markets team included partner Marcel Fausten and associates Dana Sorbi and Sarah Greene. The tax team included counsel Elina Khodorkovsky and associates Eitan Ulmer and Dmitry Dobrovolskiy. All members of the Davis Polk team are based in the New York office.