Metro Atlanta Rapid Transit preps $182 million sale of revenue bonds

By Sheri Kasprzak

New York, Nov. 2 – The Metropolitan Atlanta Rapid Transit Authority is poised to price $182,005,000 of series 2015 sales tax revenue bonds on Thursday, according to a preliminary official statement.

The deal includes $87,185,000 of series 2015B bonds and $94.82 million of series 2015C refunding bonds.

The bonds (Aa2/AA+/AA-) will be sold competitively with Public Financial Management Inc. and Pinnacle Investment Advisors as the joint financial advisers.

The maturities have not been set.

Proceed will be used to finance capital projects for the authority, as well as to refund its series 2007B revenue bonds and its series 2004A commercial paper bond anticipation notes.

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