Port of Portland, Ore., to price $77.67 million airport PFC bonds

By Sheri Kasprzak

New York, Oct. 14 - The Port of Portland, Ore., is set to price $77.665 million of series 2011A passenger facility charge revenue bonds for the Portland International Airport, according to a preliminary official statement.

The bonds (/A/) will be sold on a negotiated basis with Bank of America Merrill Lynch and Goldman Sachs & Co. as senior managers.

The bonds are due 2012 to 2031, according to the statement.

Proceeds will be used to finance capital improvements to the airport, as well as to repay draws made on a non-revolving credit facility that were made to fund improvements.

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