New Issue: North Texas Tollway prices $223.89 million of Sifma floating-rate bonds

By Sheri Kasprzak

New York, Dec. 12 – The North Texas Tollway Authority priced $223,895,000 of series 2014C system first-tier Sifma index floating-rate revenue refunding bonds, said a pricing sheet.

The bonds (A2/A-/) were sold through Morgan Stanley & Co. LLC with Loop Capital Markets LLC as the co-manager.

The bonds are due Jan. 1, 2038 and bear interest at the Sifma index rate plus 67 bps.

Proceeds will be used to refund the authority’s series 2008E-3 revenue bonds.

Issuer:	North Texas Tollway Authority
Issue:	Series 2014C system first-tier Sifma index floating-rate revenue refunding bonds
Amount:	$223,895,000
Maturity:	Jan. 1, 2038
Coupon:	Sifma index rate plus 67 bps
Price:	100
Type:	Negotiated
Underwriters:	Morgan Stanley & Co. LLC (lead), Loop Capital Markets LLC (co-manager)
Ratings:	Moody’s: A2
	Standard & Poor’s: A-
Pricing date:	Dec. 11
Settlement date:	Dec. 18

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