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Development Authority of Fulton County to sell $89.42 million bonds for Georgia Tech Athletic
By Sheri Kasprzak
New York, Nov. 12 - The Development Authority of Fulton County, Ga., is set to bring to market $89.42 million of series 2010 revenue bonds for the Georgia Tech Athletic Association, according to a preliminary official statement.
The bonds (A1//A+) will be sold on a negotiated basis with Bank of America Merrill Lynch as the underwriter.
The bonds are due 2011 to 2030 with term bonds due in 2035 and 2040.
Proceeds will be used to finance improvements to Georgia Tech facilities, including renovations to its basketball arena, the construction of an indoor football practice facility and other improvements, as well as to refund the association's 2008A bonds.
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