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North Texas Tollway offers $947.02 million revenue refunding bonds
By Sheri Kasprzak
New York, April 27 – The North Texas Tollway Authority is expected to price $947.02 million of series 2016A system first-tier revenue refunding bonds, according to a preliminary official statement.
The bonds (A1/A) will be sold on a negotiated basis with J.P. Morgan Securities LLC as the senior manager. The co-managers are Jefferies & Co., Mesirow Financial Inc., Ramirez & Co. Inc., RBC Capital Markets LLC and Siebert Brandford Shank & Co. LLC.
The bonds are due 2017 to 2036 with a term bond due in 2039.
Proceeds will be used to refund a portion of the authority’s series 2008A-B, 2008K and 2009A revenue bonds.
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