San Antonio to price $135 million hotel occupancy tax variable-rate bonds

By Cristal Cody

Springdale, Ark., July 3 - San Antonio, Texas, intends to price $135 million of hotel occupancy tax subordinate lien variable-rate demand revenue and refunding bonds on July 8, a source said Thursday.

The series 2008 bonds will price with an initial weekly interest rate.

The bonds are due Aug. 15, 2034.

Wachovia Bank, NA, will manage the negotiated sale.

Proceeds will be used to refund the outstanding series 2004B hotel occupancy tax revenue and refunding bonds and for renovations to the Lila Cockrell Theatre, including Americans with Disabilities Act compliance improvements.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.