INVITATION TO TENDER BONDS
made by
STATE OF WISCONSIN
TRANSPORTATION REVENUE REFUNDING BONDS
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 May 4, 2026 |
|---|---|
| Notice of Results: | May 5, 2026 |
| Determination of Purchase Price: | 10:00 a.m. on May 6, 2026 |
| Notice of Purchase Prices: | May 6, 2026 |
| Acceptance Date: | May 7, 2026 |
| Settlement Date: | May 28, 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, dated April 21, 2026
• Letter to Bondholders, dated April 21, 2026
Reference BVAL Index
With respect to the federally tax-exempt Bonds, Reference Yield will be based on the yield for the applicable Reference BVAL Index, as set forth in the Monthly Value Table as of date and time the Tax-Exempt 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
The Reference BVAL Index for each Tax-Exempt Bond will be based on the month and year of the Maturity Date for such Tax-Exempt Bond.
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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