North Sumter County Utility, Fla., plans $52.65 million revenue bonds

By Sheri Kasprzak

New York, Dec. 13 - The North Sumter County Utility Dependent District of Florida is set to price $52.65 million of series 2012 solid waste revenue bonds, according to a preliminary official statement.

The deal includes $50,605,000 of series 2012 revenue bonds and $2,045,000 of series 2012 subordinate bonds.

The bonds (/BBB-/A) will be sold through Citigroup Global Markets Inc.

The revenue bonds are due 2013 to 2022 with term bonds due in 2027, 2032 and 2042. The subordinate bonds are due 2014 to 2022 with term bonds due in 2027, 2032 and 2042.

Proceeds will be used to construct and improve solid waste facilities for The Villages senior community in Wildwood, Fla.

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