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INVITATION TO TENDER BONDS

made by the

STATE OF WISCONSIN

to the Holders of all or any portion of the maturities listed in the Invitation to Tender (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 February 6, 2026
Preliminary Acceptance Date: February 9, 2026
Determination of Purchase Prices: Approximately 10:00 a.m. on February 10, 2026
Notice of Purchase Prices: February 10, 2026
Final Acceptance Date: February 11, 2026
Settlement Date:
(unless earlier terminated or extended)
February 26, 2026




1) The State of Wisconsin through the State of Wisconsin Building Commission (the “State”) and their 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 State and their agents. The State and their agents are not responsible for information provided by non-affiliated, third-parties.

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, January 23, 2026

Letter to Bondholders, January 23, 2026



Tax-Exempt Bond BVAL Index Yield

The applicable BVAL Index for each CUSIP of the Tax-Exempt Bond will be the BVAL Index yield (the “BVAL Yield”) for the month and year corresponding to the maturity of each such Tax-Exempt Bond, as set forth in the Monthly Value Table for 10:00 a.m., New York City time, on February 10, 2026, as shown on the EMMA (“Electronic Municipal Market Access “) Website.


CLICK HERE TO VISIT THE EMMA WEBSITE

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