Atlanta plans $504.92 million sale of airport revenue refunding bonds

By Sheri Kasprzak

New York, Dec. 1 - The City of Atlanta plans to price $504.915 million of series 2010C airport general revenue refunding bonds, said a preliminary official statement.

The bonds will be sold on a negotiated basis with Citigroup Global Markets Inc. and Loop Capital Markets LLC as the senior managers. The co-managers are Barclays Capital Inc., Blaylock Robert Van LLC, Cabrera Capital Markets LLC, Rice Financial Products Co. and SunTrust Robinson Humphrey.

The bonds are due 2012 to 2025 with a term bond due 2030.

Proceeds will be used to refund the city's series 2003RF/B-C bonds, issued for airport improvements, as well as to terminate a swap agreement related to the bonds.

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