Bangor, Maine, to price $56.5 million of G.O. bonds on July 31

By Sheri Kasprzak

New York, July 13 - The City of Bangor, Maine, plans to come to market with $56.5 million of series 2012B general obligation bonds for the Bangor Arena Project on July 31, according to a preliminary official statement.

The bonds will be sold competitively with Moors & Cabot Inc. as the financial adviser.

The bonds are due 2014 to 2032 with a term bond due in 2042.

Proceeds will be used to refund bond anticipation notes, which were issued to partially fund the construction of a replacement for the Bangor Arena/Civic Center.

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