Atlanta Development plans $219.66 million revenue bond sale Thursday

By Sheri Kasprzak

New York, May 1 – The Atlanta Development Authority is slated to price $219.66 million of series 2015 new downtown stadium project revenue bonds on Thursday, said a preliminary official statement.

The deal includes $170,935,000 of series 2015A-1 senior-lien bonds, $16.4 million of series 2015A-2 senior-lien taxable bonds (Aa3/A+/) and $32,325,000 of series 2015B second-lien bonds (A1/A/).

The bonds will be sold through lead manager Citigroup Global Markets Inc. The co-managers are PNC Capital Markets LLC, SunTrust Robinson Humphrey, Castle Oak Securities LP, Fidelity Capital Markets Inc., IFS Securities, Mesirow Financial Inc., Rice Financial Products Co. and Security Capital Brokerage Inc.

The maturities have not been set.

Proceeds will be used to finance the construction of a new soccer stadium in downtown Atlanta.

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