Kentucky to price $343.77 million bonds for Louisville Arena

By Cristal Cody

Springdale, Ark., Aug. 18 - The Kentucky Economic Development Finance Authority plans to price $343.767 million revenue bonds for the Louisville Arena Authority, according to a preliminary official statement.

The sale includes $284.435 million subseries 2008A1 fixed-rate bonds, $29.332 million subseries 2008A2 capital appreciation bonds, $15.5 million series 2008B fixed-rate bonds and $14.4 million subordinate series 2008C fixed-rate bonds.

The bonds are insured by Assured Guaranty Corp.

Goldman, Sachs & Co. is the senior manager of the negotiated sale. Co-managers are J.J.B. Hilliard, W.L. Lyons LLC, M.R. Beal & Co., NatCity Investments Inc., Ramirez & Co. and Siebert Brandford Shank & Co.

Proceeds will be used to develop and construct the arena for the University of Louisville men's and women's basketball programs.

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