OFFER TO TENDER BONDS
made by
STATE OF MONTANA
THE BOARD OF REGENTS OF HIGHER EDUCATION
MONTANA STATE UNIVERSITY
Facilities Improvement Revenue Bonds, Series E 2018
General Revenue Bonds, Series H 2021 (Taxable)
to the Holders of all or any portion of the maturities listed in the Offer to Tender Bonds
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.
| Pricing Notice: | April 17, 2026 |
|---|---|
| Expiration Date: | 5:00 p.m. on April 24, 2026 |
| Notice of Preliminary Acceptance Date: | April 27, 2026 |
| Determination of Purchase Prices: | approximately 10:00 a.m. on April 28, 2026 |
| Notice of Purchase Prices: | April 28, 2026 |
| Notice of Final Acceptance Date: | April 29, 2026 |
| Settlement Date: | May 12, 2026 |
1)
The Board of Regents of Higher Education for the State of Montana (the “Board”), 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 Board 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
• Offer to Tender Bonds, dated April 13, 2026
BVAL Index
The applicable BVAL Index for each CUSIP of the Tax-Exempt Bonds will be the BVAL Index yield for the month and year corresponding to the maturity of each such Tax-Exempt Bond, as set forth in the Monthly Value Table as of the Determination of Purchase Prices, as shown on the EMMA Website at the below link and accessed by the link to Monthly Value Table.
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