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Harris County Industrial Development, Texas, to sell $75 million marine terminal revenue bonds
By Sheri Kasprzak
New York, Nov. 10 - The Harris County Industrial Development Corp. of Texas plans to bring to market $75 million of series 2010 marine terminal revenue bonds for HFOTCO LLC, according to a preliminary official statement.
The bonds (Aa3/VMIG1) will be sold on a negotiated basis with Bank of America Merrill Lynch as the underwriter.
The bonds are due Nov. 1, 2050.
Proceeds will be used to finance crude oil improvements to HFOTCO LLC real property following damage done in Hurricane Ike in 2008.
The Houston-based authority provides funding to industrial development projects throughout the county.
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