Huntsville, Ala., prepares $91.46 million warrants deal for this week

By Sheri Kasprzak

New York, July 20 – Huntsville, Ala., is set to price $91.46 million of series 2015 water revenue warrants during the week of July 20, said a preliminary official statement.

The warrants (Aa1/AAA/) will be sold on a negotiated basis with PNC Capital Markets LLC as the senior manager and Citigroup Global Markets Inc. and First Tuskegee Capital Markets as the co-managers.

The warrants are due 2016 to 2035.

Proceeds will be used to finance capital improvements to the city’s water system.

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