Atlanta Development coordinates $116.1 million of Georgia Tech bonds

By Sheri Kasprzak

New York, July 25 - The Atlanta Development Authority is expected to come to market with $116,095,000 of series 2013 TUFF-GATV revenue bonds on behalf of Georgia Tech, said a preliminary official statement.

The deal includes $45,645,000 of series 2013A-1 revenue bonds, $5.62 million of series 2013A-2 taxable bonds, $5.35 million of series 2013B-1 revenue bonds, $56,415,000 of series 2013B-2 taxable revenue bonds and $3,065,000 of series 2013C revenue bonds.

The 2013A-1 bonds are due 2020 to 2033 with term bonds due in 2038 and 2043. The 2013A-2 bonds are due 2014 to 2020. The 2013B-1 bonds are due 2025 to 2028, and the 2013B-2 bonds are due 2014 to 2033 with term bonds due in 2028, 2033 and 2043. The 2013C bonds are due 2014 to 2027.

The bonds (A2/A/) will be sold on a negotiated basis with BofA Merrill Lynch and SunTrust Robinson Humphrey as the senior managers.

Proceeds will be used to refund the authority's series 2002A-B and 2005A-B revenue bonds.

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