Orange County Transportation, Calif., preps $124.35 million bond sale

By Sheri Kasprzak

New York, July 23 - The Orange County Transportation Authority of California plans to price $124.35 million of series 2013 senior lien toll road revenue refunding bonds, according to a preliminary official statement.

The bonds (A1/A/A-) will be sold on a negotiated basis with Barclays and BofA Merrill Lynch as the senior managers and De La Rosa & Co., Goldman, Sachs & Co. and Stifel, Nicolaus & Co. as the co-managers.

The bonds are due 2014 to 2030.

Proceeds will be used to refund the authority's series 2003 revenue bonds.

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