Louisville and Jefferson Sewer, Ky., preps $252.03 million bond sale

By Sheri Kasprzak

New York, Aug. 8 – The Louisville and Jefferson County Metropolitan Sewer District of Kentucky is set to price $252.03 million of series 2016 sewer and drainage system revenue bonds on Tuesday, according to a preliminary official statement.

The offering is comprised of $150 million of series 2016A revenue bonds, $30,875,000 of series 2016B refunding bonds and $71,155,000 of series 2016C refunding bonds.

The bonds (Aa3/AA) will be sold competitively with J.J.B. Hilliard, W.L. Lyons LLC as the financial adviser.

The 2016A bonds are due 2018 to 2047, and the 2016B bonds are due 2017 to 2036. The 2016C bonds are due 2017 to 2023.

Proceeds will be used to finance capital improvements to the metropolitan area’s sewer and drainage system, as well as to refund the district’s series 2008A and 2009A-B revenue bonds.

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