Orange County, N.C., to price $64.35 million limited obligation bonds

By Sheri Kasprzak

New York, March 20 - Orange County in North Carolina is expected to price $64.35 million of series 2012 limited obligation bonds for the Orange County Public Facilities Co., according to a preliminary official statement.

The bonds (Aa2/AA/AA+) will be sold on a negotiated basis with BB&T Capital Markets and Wells Fargo Securities LLC as the senior managers.

The bonds are due 2012 to 2027 with a term bond due Oct. 1, 2033.

Proceeds will be used to prepay financing agreements between the county and Bank of America, NA and Branch Banking and Trust Co.

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