North Texas Tollway to sell $135.86 million of revenue refunding bonds

By Sheri Kasprzak

New York, Sept. 26 - The North Texas Tollway Authority is set to sell $135,855,000 of series 2012 system revenue refunding bonds, according to a preliminary official statement.

The offering includes $102,025,000 of series 2012C first-tier put bonds and $33.83 million of series 2012D first-tier current interest bonds.

The bonds (A2/A-/) will be sold through senior manager J.P. Morgan Securities LLC with Ramirez & Co. Inc. and Rice Financial Products Co. as the co-managers.

The 2012C bonds are due in 2038. The maturities for the 2012D bonds have not been set.

Proceeds will be used to refund the authority's series 2003A revenue bonds and series 2008L-2 revenue bonds.

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