- 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.