Seminole Tribe of Florida plans $367.39 million gaming division bonds

By Sheri Kasprzak

New York, Oct. 28 - The Seminole Tribe of Florida plans to bring to market $367.385 million in series 2010 Florida Gaming Division bonds, according to a press release from the tribe.

The offering includes $37.385 million in series 2010A tax-exempt bonds and $330 million in series 2010B taxable bonds.

The bonds will be sold in a private offering under Rule 144A with Bank of America Merrill Lynch as the underwriter.

Both the A and B bonds are due 2017.

Proceeds will be used to finance capital expenditures at the tribe's gaming facilities, as well as other improvements and additions to the property.

The tribe has headquarters in Hollywood, Fla.

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