Port of Seattle preps $149.29 million sale of revenue refunding bonds

By Sheri Kasprzak

New York, Nov. 4 - The Port of Seattle, Wash., is expected to price $149.285 million of series 2010 passenger facility charge revenue refunding bonds, according to a preliminary official statement.

The offering includes $81.79 million of series 2010A bonds and $67.495 million of series 2010B bonds.

Goldman Sachs & Co. is the senior manager for the bonds (A1/A+/A). The co-managers are Barclays Capital Inc., Morgan Stanley & Co. Inc. and Siebert Brandford Shank & Co. LLC.

The 2010A bonds are due 2017 and 2020 to 2023. The 2010B bonds are due 2011 to 2016.

Proceeds will be used to refund the port's outstanding series 1998 passenger facility charge bonds.

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