Miami-Dade County, Fla., arranges $534.18 million aviation bond sale

By Sheri Kasprzak

New York, June 1 – Miami-Dade County, Fla., plans to price $534.18 million of series 2015 aviation revenue and revenue refunding bonds, according to a preliminary official statement.

The deal includes $495.57 million of series 2015A AMT revenue and refunding bonds and $38.61 million of series 2015B non-AMT revenue refunding bonds.

The bonds (/A/AA-) will be sold on a negotiated basis with RBC Capital Markets LLC as the senior manager.

The co-managers are Drexel Hamilton LLC, Jefferies & Co., Ramirez & Co. Inc., Rice Financial Products Co., Blaylock Beal Van LLC, Cabrera Capital Markets LLC, Citigroup Global Markets Inc., Estrada Hinojosa & Co. Inc., Goldman Sachs & Co., J.P. Morgan Securities LLC, Loop Capital Markets LLC, Morgan Stanley & Co. LLC and Raymond James/Morgan Keegan.

The maturities have not been set.

Proceeds will be used to finance capital improvement projects for the Miami-Dade County Department of Aviation, as well as to refund its series 2005A-B, 2007B, 2007D, 2008B and 2009B revenue bonds.

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