Dallas/Fort Worth International Airport preps $117.7 million bond deal

By Sheri Kasprzak

New York, June 16 – The cities of Dallas and Fort Worth are expected to price $117.7 million of series 2014C non-AMT joint revenue improvement bonds for the Dallas/Fort Worth International Airport, said a preliminary official statement.

The bonds (/A/A+) will be sold on a negotiated basis with Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC as the senior managers. The co-manager is Siebert Brandford Shank & Co. LLC.

The bonds are due 2018 to 2034 with term bonds due in 2039, 2042 and 2045.

Proceeds will be used to finance improvements and additions to the airport.

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