Atlanta prepares $705.57 million airport general revenue bond offering

By Sheri Kasprzak

New York, March 14 - The City of Atlanta plans price $705.57 million of series 2014 general revenue bonds, according to a preliminary official statement.

The offering includes $376.37 million of series 2014A non-AMT passenger facility charge and subordinate-lien general revenue refunding bonds, $144.14 million of series 2014B non-AMT airport general revenue refunding bonds and $185.06 million of series 2014C AMT airport general revenue refunding bonds.

The bonds will be sold on a negotiated basis with Siebert Brandford Shank & Co. LLC and SunTrust Robinson Humphrey Inc. as the senior managers. The co-managers are Jefferies & Co., PNC Capital Markets LLC, Ramirez & Co. Inc., Raymond James/Morgan Keegan, Rice Financial Products Co. and TD Securities (USA) LLC.

The maturities have not been set.

Proceeds will be used to refund the airport's series 2004B, 2004C and 2004J general revenue bonds.

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