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Greater Orlando Aviation plans to price $167.51 million revenue and refunding bonds Tuesday
By Sheri Kasprzak
New York, March 26 - The Greater Orlando Aviation Authority of Florida is scheduled to price $167.505 million in airport facilities revenue and revenue refunding bonds on Tuesday, according to a preliminary official statement and calendar of upcoming sales.
The offering includes $82.11 million in series 2010A revenue bonds and $85.395 million in series 2010B refunding bonds.
The bonds (Aa3/A+/AA-) will be sold on a negotiated basis with Morgan Stanley & Co. Inc. as the senior manager. The co-managers are J.P. Morgan Securities Inc.; Bank of America Merrill Lynch; Raymond James & Associates Inc.; Citigroup Global Markets Inc.; Estrada Hinojosa & Co. Inc.; FirstSouthwest Co.; Gardnyr Michael Capital Inc.; Jefferies & Co.; Loop Capital Markets LLC; M.R. Beal & Co. Inc.; RBC Capital Markets Corp.; and SunTrust Robinson Humphrey Inc.
The maturities have not been set.
Proceeds will be used to improve the airport's terminal baggage claim system, as well as to refund existing debt.
The authority operates the Orlando International Airport and the Orlando Executive Airport.
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