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Dallas, Fort Worth airport arranges $440.81 million series 2012B bonds
By Sheri Kasprzak
New York, Feb. 8 - The cities of Dallas and Fort Worth are set to sell $440.81 million of series 2012B non-AMT joint revenue refunding bonds for the Dallas and Fort Worth International Airport, according to a preliminary official statement.
The bonds (A1/A+/A+) will be sold on a negotiated basis with J.P. Morgan Securities LLC and Bank of America Merrill Lynch as the lead managers. The co-managers are Loop Capital Markets LLC, Ramirez & Co. Inc., RBC Capital Markets LLC and Stifel, Nicolaus & Co. Inc.
The bonds are due 2012 to 2031 with a term bond due in 2035.
Proceeds will be used to refund the airport's series 2000A, 2001A, 2002B-C and 2003A bonds.
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