Midlothian Independent School District, Texas, to sell $56.36 million of tax-exempt refunding bonds

By Sheri Kasprzak

New York, March 18 - The Midlothian Independent School District of Texas plans to price $56,357,637.05 of series 2013A tax-exempt refunding bonds, said a preliminary official statement.

The bonds will be sold on a negotiated basis with First Southwest Co. as the senior manager and Raymond James/Morgan Keegan and Wells Fargo Securities LLC as the co-managers.

The offering includes $56,025,000 of current interest bonds and $332,637.05 of capital appreciation bonds.

Proceeds will be used to refund the district's series 2005 and 2006 unlimited tax school building bonds.

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