Houston to sell Convention & Entertainment Facilities hotel tax bonds

By Sheri Kasprzak

New York, April 24 - The City of Houston plans to price hotel occupancy tax and special revenue refunding bonds for its Convention & Entertainment Facilities Department, according to a preliminary official statement. The principal amount was not available Tuesday.

The bonds (A2/A-/) will be sold on a negotiated basis with Hutchinson, Shockey, Erley & Co. and Mesirow Financial as the senior managers.

The bonds are due 2026 to 2033.

Proceeds will be used to refund the city's series 2001B-C and 2011A-B hotel occupancy tax and special revenue bonds.

The Convention & Entertainment Facilities Department merged with Houston Convention Center Hotel Corp. into a new organization, Houston First Corp., in July 2011.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.