Tarrant County Cultural Education Facilities, Texas, to price $53.67 million revenue bonds

By Sheri Kasprzak

New York, Nov. 17 - The Tarrant County Cultural Education Facilities Finance Corp. in Texas is set to sell $53.665 million in series 2009 retirement facility revenue bonds, according to a preliminary official statement.

The offering includes $24.165 million in series 2009A fixed-rate bonds, $13 million in series 2009B-1 tax-exempt mandatory paydown securities and $16.5 million in series 2009B-2 tax-exempt mandatory paydown securities.

The bonds will be sold on a negotiated basis with Ziegler Capital Markets as the senior manager.

The 2009A bonds are due 2038. The 2009B-1 bonds are due 2016, and the 2009B-2 bonds are due 2014.

Proceeds will be used to fund construction projects.

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