INVITATION TO TENDER FOR PURCHASE
made by
STATE OF NORTH CAROLINA
to the Holders as described in the Invitation
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 November 3, 2025 |
|---|---|
| Notice of Results: | November 4, 2025 |
| Determination of Purchase Prices: | Approx. 10:00 a.m. on November 5, 2025 |
| Notice of Purchase Prices: | Before 5:00 p.m. on November 5, 2025 |
| Acceptance Date/Notice of Acceptance: | November 6, 2025 |
| Settlement Date: | November 19, 2025 |
1)
The State of North Carolina (the “State”) 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 the State 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 October 20, 2025
Reference BVAL Index
The Reference BVAL Index for each Target Bond will be based on the month and year of the Maturity Date for such 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 Determination of Purchase Prices, approximately 10:00 a.m. on November 5, 2025), 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