Hillsborough County Aviation of Florida to price $200.26 million in revenue bonds

By Sheri Kasprzak

New York, April 3 - The Hillsborough County Aviation Authority plans to price $200.26 million in revenue bonds for the Tampa International Airport, according to a preliminary official statement.

The offering includes $137.635 million in series 2008A bonds, $17.27 million in series 2008B bonds, $34.28 million in series 2008C bonds and $11.075 million in series 2008D bonds.

The bonds will be sold on a negotiated basis through lead manager Bear, Stearns & Co. The co-managers are Citigroup Global Markets, Goldman, Sachs & Co., J.P. Morgan Securities Inc., Raymond James & Associates and Siebert Brandford Shank & Co.

The maturities have not yet been set.

Proceeds from the sale will be used to refund a portion of the authority's series 2006C and series 2006D variable-rate revenue refunding bonds. The proceeds will also be used for a parking garage, roadway improvements, cargo and ground support facilities and the North Terminal site development and infrastructure project.

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