INVITATION TO TENDER FOR PURCHASE
made by
CITY OF CHARLOTTE, NORTH CAROLINA
City of Charlotte, North Carolina Water and Sewer System Refunding Revenue Bonds, Series 2018
City of Charlotte, North Carolina Water and Sewer System Revenue Refunding Bonds, Series 2019
City of Charlotte, North Carolina Water and Sewer System Refunding Revenue Bonds, Series 2020
Key Dates and Times
All of these dates and times are subject to change. All times are New York City time.
Notices of changes will be sent in the manner provided for in this Invitation.
| Launch Date and Publication Date of Series 2026 Bonds POS: | May 18, 2026 |
|---|---|
| Expiration Date: | 5:00 p.m. on June 2, 2026 |
| Notice of Results: | June 3, 2026 |
| Determination of Purchase Prices: | Approx. 10:00 a.m. on June 4, 2026 |
| Notice of Purchase Prices: | Before 5:00 p.m. on June 4, 2026 |
| Acceptance Date/Notice of Acceptance: | June 5, 2026 |
| Settlement Date: | June 18, 2026 |
1)
The City of Charlotte, North Carolina (the “City”), and its agents DO NOT recommend to you whether or not to offer your bonds for purchase. You are responsible for your own decisions regarding this and should consult your own financial advisors about it.
2)
The only authorized information about the Tender Offer is the printed information prepared by the City and their agents.
3)
Information is posted on this website for the purpose of your convenience only. You may contact the Information Agent to receive personal copies of the Tender Offer. If there is a difference between the paper copies and the electronic versions of the documents, the paper copies from the Information Agent are correct.
INFORMATION FOR BONDHOLDERS
• Invitation to Tender Bonds for Purchase dated May 18, 2026
BVAL Index
With respect to the 2020 Target Bonds listed in Table 2 of this Invitation, the Purchase Price will be calculated using a yield determined by adding a fixed spread to the yield on the relevant Reference BVAL Index listed in Table 2 of the Invitation.
The Reference BVAL Index for each 2020 Target Bond will be based on the month and year of the Maturity Date for such 2020 Target Bond. The Reference Yield will be based on the yield for the applicable Reference BVAL Index, as set forth in the Monthly Value Table as of the date and time the 2020 Purchase Prices are determined, as shown on the Municipal Securities Rulemaking Board's Electronic Municipal Market Access website at the following address:
https://emma.msrb.org/ToolsAndResources/BloombergYieldCurve?daily=True
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Globic Advisors
477 Madison Avenue, 6th floor
New York NY, 10022
7777 Glades Road, Suite 100
Boca Raton FL, 33434
Telephone: (212) 227-9699