Huntsville, Ala., prepares $102.08 million general obligation warrants

By Sheri Kasprzak

New York, Oct. 31 - The City of Huntsville, Ala., is set to price $102.08 million of series 2013 general obligation warrants and school warrants, according to a preliminary official statement.

The warrants (Aaa/AAA/) will be sold on a negotiated basis with Raymond James/Morgan Keegan as the senior manager. The co-managers are Morgan Stanley & Co. LLC, Joe Jolly & Co. Inc. and Securities Capital Corp.

The deal includes $77.84 million of series 2013C G.O. school warrants and $24.24 million of series 2013D G.O. warrants.

The 2013C warrants are due 2014 to 2033 and the 2013D warrants are due 2014 to 2033.

Proceeds will be used to finance capital improvements within the city, as well as to design, construct, install, improve and equip school facilities in the city.

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