Burbank-Glendale-Pasadena Airport, Calif., plans $84.23 million bonds

By Sheri Kasprzak

New York, April 26 - The Burbank-Glendale-Pasadena Airport Authority of California is set to price $84.23 million of series 2012 airport revenue bonds, said a preliminary official statement.

The deal includes $7.54 million of series 2012A AMT bonds and $76.69 million of series 2012B taxable bonds.

The bonds (A1/A+/A+) will be sold on a negotiated basis with Citigroup Global Markets Inc. as the underwriter.

The maturities have not been set.

Proceeds will be used to construct rental car facilities, elevated walkways and transit facilities, and a replacement parking structure, as well as to fund site work and off-site improvements to the airport.

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