Harris County Cultural Education Facilities to sell $158.5 million bonds for YMCA on Feb. 20

By Sheri Kasprzak

New York, Feb. 7 - The Harris County Cultural Education Facilities Finance Corp. out of Texas plans to price on Feb. 20 $158.5 million in revenue bonds, according to a preliminary official statement.

The series 2008A bonds will be sold on behalf of the YMCA for the Greater Houston Area.

Goldman, Sachs & Co. is the lead manager for the negotiated offering, with Merrill Lynch, Morgan Keegan, RBC Capital Markets and Wachovia Bank as the co-managers.

The proceeds from the offering will be used to construct, acquire, equip and renovate certain capital projects. The proceeds will also be used for a debt service fund and for the payment of capitalized interest on a portion of the corporation's 2008 series bonds.

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