Louisville Arena Authority to sell $343.77 million bonds Thursday

By Sheri Kasprzak

New York, Aug. 25 - The Louisville Arena Authority will price its previously announced $343.767 million in series 2008 revenue bonds through the Kentucky Economic Development Finance Authority on Thursday, said a sellside source close to the deal.

The bonds (//BBB-) will be sold through senior manager Goldman, Sachs & Co.

The sale includes $284.435 million in series 2008A1 fixed-rate bonds; $29.332 million in series 2008A2 capital appreciation bonds; $15.5 million in series 2008B fixed-rate bonds; and $14.4 million subordinated series 2008C fixed-rate bonds.

Proceeds will be used for the development and construction of the arena for the University of Louisville men's and women's basketball programs.

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