Nashville and Davidson County, Tenn., prepares $60.5 million bond sale

By Sheri Kasprzak

New York, July 31 - The Sports Authority of the Metropolitan Government of Nashville and Davidson County, Tenn., is expected to price $60,495,000 of series 2013 public improvement bonds, according to a preliminary official statement.

The deal includes $14.13 million of series 2013A taxable public facility improvement revenue bonds and $46,365,000 of series 2013B taxable public improvement revenue refunding bonds.

The bonds (Aa2/AA-/) will be sold on a negotiated basis with Piper Jaffray & Co. as the lead manager and Raymond James/Morgan Keegan and Loop Capital Markets LLC as the co-managers.

The 2013A bonds are due 2014 to 2028 with a term bond due in 2033. The 2013B bonds are due 2014 to 2026.

Proceeds will be used to construct, equip, renovate and improve recreational facilities, including an ice skating and hockey rink.

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