INVITATION TO TENDER BONDS FOR PURCHASE
LANSING BOARD OF WATER AND LIGHT
ON BEHALF OF ITSELF AND ON BEHALF OF THE CITY OF CHICAGO
to the Beneficial Owners of
Lansing Board of Water and Light
City of Lansing, Michigan
Utility System Revenue Refunding Bonds, Series 2017A
Utility System Revenue Bonds, Series 2019A
Utility System Revenue Refunding Bonds, Series 2019B (Federally Taxable)
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.
| Expiration Date: | 5:00 p.m. on January 26, 2026 |
|---|---|
| Notice of Results: | January 26, 2026 |
| Determination of Purchase Prices for Taxable Target Bonds: | 10:00 a.m. on January 27, 2026 |
| Notice of Purchase Prices for Taxable Target Bonds: | January 27, 2026 |
| Acceptance Date: | January 28, 2026 |
| Settlement Date: | February 17, 2026 |
1)
The Lansing Board of Water and Light (“BWL”), 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 Invitation is the printed information prepared by BWL 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 Invitation. 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 January 9, 2026
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