Chicago O'Hare Airport organizes $247.27 million revenue bond offering

By Sheri Kasprzak

New York, July 24 - The Chicago O'Hare International Airport plans to price $247.27 million of series 2013 customer facility charge senior-lien revenue bonds, according to a preliminary official statement.

The bonds (Baa1/BBB/) will be sold on a negotiated basis with BofA Merrill Lynch as the senior manager. The co-managers are Estrada Hinojosa & Co. Inc., Raymond James/Morgan Keegan, Academy Securities Inc., North South Capital LLC, Backstrom McCarley Berry & Co. LLC, US Bancorp Investments Inc., BMO Capital Markets LLC and The Williams Capital Group LP.

The bonds are due 2018 to 2033 with term bonds due in 2038 and 2043.

Proceeds will be used to finance capital projects as well as the construction and extension of the airport's transit project.

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