Arlington, Texas, to price $61.02 million in special tax revenue bonds

By Sheri Kasprzak

New York, April 16 - The city of Arlington in Texas plans to sell $61.015 million in series 2009 special tax revenue bonds, according to a preliminary official statement. The sale is expected to occur in April.

The bonds (A2/A/A) will be sold on a negotiated basis with J.P. Morgan Securities Inc. and Merrill Lynch & Co. Inc. as the senior managers. The co-managers are First Southwest Co. Inc., Morgan Keegan & Co. Inc., Piper Jaffray & Co., RBC Capital Markets Corp., Siebert Brandford Shank & Co. LLC and Southwest Securities Inc.

The bonds are due 2018 to 2022 with a term bond due 2028.

The proceeds will be used to refund the city's series 2005A, 2005C and 2008 bonds.

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