South Carolina State Ports readies $288.89 million revenue bond sale

By Sheri Kasprzak

New York, Oct. 14 – The South Carolina State Ports Authority plans to price $288,895,000 of series 2015 AMT revenue bonds, according to a preliminary official statement.

The bonds (A1/A+/) will be sold on a negotiated basis with BofA Merrill Lynch and Wells Fargo Securities LLC as the lead managers.

The bonds are due 2026 to 2035 with term bonds due in 2040, 2045, 2050 and 2055.

Proceeds will be used to finance capital improvements and expansions to the port system between 2016 and 2018.

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