Los Angeles International Airport preps $304.15 million revenue bonds

By Sheri Kasprzak

New York, Oct. 29 – The Los Angeles Department of Airports is set to price $304,145,000 of series 2015 senior revenue bonds for the Los Angeles International Airport, according to a preliminary official statement.

The deal includes $276,085,000 of series 2015D AMT bond and $28.06 million of series 2015E non-AMT bonds.

The bonds (Aa3/AA/AA) will be sold on a negotiated basis with Siebert Brandford Shank & Co. LLC as the senior manager. The co-managers are Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Ramirez & Co. Inc. and Stifel, Nicolaus & Co. Inc.

The maturities have not been set.

Proceeds will be used to finance interior and terminal improvements at LAX.

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