Port of Bellingham, Wash., Industrial Development to sell $111 million bonds for BP West Coast

By Sheri Kasprzak

New York, Nov. 12 - The Industrial Development Corp. of the Port of Bellingham, Wash., plans to sell $111 million of series 2010 environmental facilities industrial revenue bonds for BP West Coast LLC in two tranches, according to a preliminary official statement.

The offering includes $50 million of series 2010A non-AMT bonds and $61 million of series 2010B non-AMT bonds.

Goldman Sachs & Co. is the senior manager for the bonds, the maturities of which have not been set.

Proceeds will be used to construct sewage treatment and solid waste disposal facilities at BP's Cherry Point Refinery in Whatcom County, Wash.

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