NOTICE OF PUBLIC HEARING
Notice is hereby given that a public hearing as required by Section 147(f) of the Internal Revenue Code of 1986, as amended (the "Code") will be held telephonically at 1:00 p.m. Eastern Time on May 14, 2026 by the Kentucky Bond Development Corporation (the "Issuer"), concerning the proposed issuance, in one or more series or sub-series, at the same or different times, as part of a plan of finance, by the Issuer, of "qualified 501(c)(3) bonds," as defined in Section 145 of the Code, in an aggregate principal amount not to exceed $500,000,000 (the "Bonds").
The Issuer will loan the proceeds of the Bonds to PRG Wildcats LLC, a single member limited liability company organized and existing under the laws of the Commonwealth of Kentucky (the "Borrower"), the sole member of which is Provident Resources Group Inc., a nonprofit corporation organized in accordance with the laws of the State of Georgia and an organization described in Section 501(c)(3) of the Code. The Borrower will use the proceeds of the Bonds to (i) finance certain costs of designing, building, operating and maintaining a new central utility plant (the "CUP") and related system improvements, including distribution systems (collectively, the "Project"), as part of the overall development project for new and existing campus facilities of the University of Kentucky, a public body corporate and an educational institution and agency of the Commonwealth of Kentucky ("University"), (ii) fund capitalized interest for the Bonds, if any, (iii) fund a debt service reserve for the Bonds, (iv) to pay costs of credit enhancement for the Bonds, if any, (v) provide working capital for the Project, if any, and (vi) pay costs of issuance of the Bonds. All the foregoing, which comprise parts of the Project, are or will be located on the campus of the University of Kentucky, with its primary address at 101 Main Building, Lexington, Kentucky 40506. The street address of the CUP is expected to be 172 Hospital Drive, Lexington, Kentucky 40536. The expected initial legal owner of the Project will be the University. The Borrower will design, build, operate and maintain the Project for the benefit of the University.
THE BONDS SHALL NOT REPRESENT OR CONSTITUTE A DEBT OR PLEDGE OF THE FAITH AND CREDIT OR THE TAXING POWER OF THE ISSUER, THE COMMONWEALTH OF KENTUCKY, OR ANY POLITICAL SUBDIVISION OF THE COMMONWEALTH OF KENTUCKY. THE ISSUER HAS NO TAXING POWER.
The Issuer, at the request of the Borrower, reserves the right to issue Bonds under the above-described plan of financing for less than all of the above-described purposes and/or in an aggregate amount less than the maximum aggregate amount shown above.
Interested persons who wish to express their opinions on the proposed financing may participate in the telephonic public hearing by calling the telephonic conference line at 1-833-827-2649 (a toll-free telephone number), Conference I.D.: 410 160 790#, or by submitting written comments to the address below, provided such written comments are delivered to the Issuer before the time of the public hearing.
Additional information concerning the proposed financing may be obtained from, and written comments should be addressed to, the Kentucky Bond Development Corporation, 100 East Vine Street, Suite 800, Lexington, Kentucky 40507, Attention: Steven Pickarski, Telephone: 859-977-3743, Email: spickarski@klc.org. This notice is given pursuant to Section 147(f) of the Internal Revenue Code of 1986, as amended.
KENTUCKY BOND DEVELOPMENT CORPORATION
IPL0336998
May 6 2026