California Infrastructure to sell $57.11 million bonds for Orange County Performing Arts Center

By Sheri Kasprzak

New York, May 2 - The California Infrastructure and Economic Development Bank plans to price $57.11 million of series 2011A revenue bonds for the Orange County Performing Arts Center on Wednesday, according to a preliminary official statement.

The bonds (/A/) will be sold through senior manager Wells Fargo Securities LLC with Merrill Lynch as the co-manager.

Proceeds will be used to refund the performing arts center's series 2004A-C variable-rate revenue bonds.

Based in Sacramento, Calif., the development bank provides funding for public infrastructure and private projects to promote economic development. The performing arts center is located in Costa Mesa, Calif.

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