Miami-Dade County, Fla., prepares $749.57 million refunding bond deal

By Sheri Kasprzak

New York, Nov. 20 – Miami-Dade County, Fla., is set to sell $749.57 million of series 2014 aviation revenue refunding bonds, according to a preliminary official statement.

The sale includes $608,215,000 of series 2014A AMT bonds and $141,355,000 of series 2014B non-AMT bonds.

The bonds (/A/A) will be sold on a negotiated basis with Wells Fargo Securities LLC as the senior manager. The co-managers are Cabrera Capital Markets LLC, Rice Financial Products Co., Siebert Brandford Shank & Co. LLC, Southwest Securities Inc., Barclays, Blaylock Beal Van LLC, Citigroup Global Markets Inc., Drexel Hamilton LLC, Estrada Hinojosa & Co. Inc., Jefferies & Co., RBC Capital Markets LLC and Ramirez & Co. Inc.

The 2014A bonds are due 2015 to 2034 with a term bond due in 2036. The 2014B bonds are due 2015 to 2034 with a term bond due in 2037.

Proceeds will be used to refund the county’s series 2002A, 2003A, 2004A-B, 2005C and 2007D aviation revenue bonds.

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