Pennsylvania Industrial Development to price $141.595 million revenue refunding bonds

By Cristal Cody

Springdale, Ark., June 11 - The Pennsylvania Industrial Development Authority expects to price $141.595 million economic development revenue refunding bonds on June 17, a source said Wednesday.

The series 2008 bonds (A3) will be sold to refund the authority's outstanding series 2004 auction-rate bonds and various maturities of its series 1994, 1996 and 2002 bonds.

Proceeds also will fund $4.4 million of new loan capacity and pay an $8.1 million swap termination fee for the 2004 bonds.

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