Huntsville, Ala., coordinates $77.64 million G.O. warrants offering

By Sheri Kasprzak

New York, March 30 – The City of Huntsville, Ala., plans to price $77,635,000 of series 2015 general obligation and taxable general obligation warrants during the week of March 30, according to a sales calendar.

The bonds (Aaa/AAA) will be sold through senior manager Raymond James/Morgan Keegan. The co-managers are Morgan Stanley & Co. LLC, Joe Jolly & Co. Inc. and Securities Capital Corp.

The deal includes $60,645,000 of series 2015A G.O. warrants, $8.55 million of series 2015B G.O. warrants and $8.44 million of series 2015C taxable G.O. warrants.

The 2015A warrants are due 2016 to 2035 and the 2015B warrants are due 2018 to 2035. The 2015C warrants are due 2016 to 2045.

Proceeds will be used to finance various capital improvements for the city, including repairs and upgrades to roads, park and recreational facilities, bridges and other public facilities.

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