Metropolitan Washington Airports preps $350.03 million bond offering

By Sheri Kasprzak

New York, June 26 – The Metropolitan Washington Airports Authority of the District of Columbia is set to price $350,025,000 of series 2015 airport system revenue and refunding bonds, according to a preliminary official statement. Pricing is slated for Monday.

The deal includes $283,925,000 of series 2015B AMT revenue and refunding bonds, $35,455,000 of series 2015C non-AMT refunding bonds and $30,645,000 of series 2015D taxable revenue refunding bonds.

The bonds (A1/AA-/AA-) will be sold through Morgan Stanley & Co. LLC and RBC Capital Markets LLC. The co-managers are Citigroup Global Markets Inc., Goldman, Sachs & Co., Raymond James/Morgan Keegan and Siebert Brandford Shank & Co. LLC.

The maturities have not been set.

Proceeds will be used to finance airport capital improvements and refund the authority’s series 2005B revenue bonds.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.