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Louisiana greenlights Origin's $1.5B bond issuance to finance new plant construction

Jan. 04, 2023 9:18 AM ETOrigin Materials, Inc. (ORGN) StockBy: Ahmed Farhath, SA News Editor5 Comments
  • Origin Materials (NASDAQ:ORGN) said Wednesday the Louisiana State Bond Commission approved the issuance of up to $1.5 billion of tax-exempt bonds by the company for financing the construction of Origin 2, its manufacturing facility to be located in Louisiana.
  • Shares +5.8% premarket.
  • The company said Bank of America has been engaged to underwrite and market the bonds to investors.
  • Origin said Bond Commission's approval for issuance could enable the debt financing of Origin 2 using entirely tax-exempt bonds.

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