Orange County NC Website
The County is not aware of any other occasions in which it was in material noncompliance with <br /> any of its continuing disclosure undertakings . The County has not knowingly failed to comply with its prior <br /> continuing disclosure undertakings . The County believes that at this point, it has filed all the financial <br /> information that its previous commitments require, and that all required financial information is posted with <br /> regard to all relevant CUSIP numbers . <br /> UNDERWRITING <br /> The Underwriters have agreed under the terms of a Bond Purchase Agreement (the "Purchase <br /> Agreement") to purchase all of the 2024 Bonds , if any of the 2024 Bonds are to be purchased, at a purchase <br /> price equal to 100 % of the principal amount of the 2024 Bonds , plus/less net original issue <br /> premium/discount of $ , less an Underwriters ' discount of $ The Underwriters ' <br /> obligation to purchase the 2024 Bonds is subject to certain terms and conditions set forth in the Purchase <br /> Agreement , <br /> The Underwriters may offer and sell the 2024 Bonds to certain dealers (including dealers depositing <br /> the 2024 Bonds into investment trusts) and others at prices lower than the initial public offering prices <br /> stated on the inside front cover page hereof. The public offering prices may be changed from time to time <br /> by the Underwriters . <br /> RATINGS <br /> Moody ' s Investors Service, Inc . , S &P Global Ratings and Fitch Ratings Inc . have assigned ratings <br /> of " , " " " and " respectively, to the 2024 Bonds . These ratings reflect only the view of such <br /> rating agencies, and an explanation of the significance of such ratings may be obtained from such rating <br /> agencies . Certain information and materials not included in this Official Statement were furnished to such <br /> rating agencies . There is no assurance that such ratings will continue for any given period of time or that <br /> such ratings will not be revised downward or withdrawn entirely if, in the judgment of such rating agencies , <br /> circumstances so warrant . Any such downward revision or withdrawal of such ratings may have an adverse <br /> effect on the market price of the 2024 Bonds . <br /> MISCELLANEOUS <br /> All quotations from and summaries and explanations of the Trust Agreement and the Modified <br /> Deed of Trust contained herein or in Appendix C hereto do not purport to be complete, and reference is <br /> made to such documents for full and complete statements of their respective provisions . The Appendices <br /> attached hereto are a part of this Official Statement . <br /> The information contained in this Official Statement has been compiled or prepared from <br /> information obtained from the County and other sources deemed to be reliable and, although not guaranteed <br /> as to completeness or accuracy, is believed to be correct as of this date . Any statements involving matters <br /> of opinion, whether or not expressly so stated, are intended as such and not as representations of fact . <br /> 24 <br />