Dallas and Fort Worth to sell $345.68 million of airport revenue bonds

By Sheri Kasprzak

New York, Nov. 6 - The cities of Dallas and Fort Worth plan to price $345,675,000 of series 2012H Dallas/Fort Worth International Airport joint revenue improvement bonds, according to a preliminary official statement.

The bonds (/A+/A+) will be sold through senior managers Bank of America Merrill Lynch and J.P. Morgan Securities LLC. The co-managers are Raymond James/Morgan Keegan and Cabrera Capital Markets LLC.

The maturities have not been set.

Proceeds will be used to finance capital improvements to the airport, as well as to fund capitalized interest.

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