Hillsborough County Aviation, Fla., to price $334.08 million of bonds

By Sheri Kasprzak

New York, July 10 – The Hillsborough County Aviation Authority of Florida is set to price $334.08 million of series 2015 revenue bonds for Tampa International Airport, according to a preliminary official statement.

The deal includes $156.73 million of series 2015A AMT bonds (Aa3/AA-/A+), $20,035,000 of series 2015A AMT subordinate bonds (A1/A+/A) and $157,315,000 of series 2015B non-AMT subordinate bonds (A1/A+/A).

The bonds will be sold on a negotiated basis with BofA Merrill Lynch as the senior manager. The co-managers are Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Raymond James/Morgan Keegan and RBC Capital Markets LLC.

The 2015A senior bonds are due 2027 to 2035 with term bonds due in 2040 and 2044. The 2015A subordinate bonds are due 2031 to 2035 with term bonds due in 2040 and 2044. The 2015B bonds are due 2031 to 2035 with term bonds due in 2040 and 2044.

Proceeds will be used to make improvements to relieve congestion on the roadways at the airport’s main terminal.

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