DeKalb County, Ga., to sell $125.2 million in refunding revenue bonds

By Sheri Kasprzak

New York, Sept. 8 - The Development Authority of DeKalb County in Georgia is set to price $125.2 million in series 2009 refunding revenue bonds for the Robert W. Woodruff Arts Center, Inc. Project, according to a preliminary official statement.

The offering includes $5 million in series 2009A bonds and $120.2 million in series 2009B bonds.

The bonds (A2) will be sold on a negotiated basis with Merrill Lynch & Co. Inc. and Wells Fargo Securities Inc. as the senior managers.

The maturities have not been set.

Proceeds will be used to finance or refinance the construction of the Robert W. Woodruff Arts Center in Atlanta, as well as to refund the authority's series 2002 and 2004 bonds.

The authority is based in Decatur, Ga.

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