Tarrant County Senior Living, Texas, to price $164.89 million bonds

By Sheri Kasprzak

New York, Sept. 14 - The Tarrant County Cultural Education Facilities Finance Corp. plans to sell $164.885 million in series 2009 retirement facility revenue bonds for the Tarrant County Senior Living Facility Inc. in Fort Worth, according to a preliminary official statement.

The offering includes $98.085 million in series 2009A fixed-rate bonds, $10 million in series 2009B accelerated redemption reset option securities, $31.2 million in series 2009C-1 tax-exempt mandatory paydown securities and $25.6 million in series 2009C-2 tax-exempt mandatory paydown securities.

The maturities have not been set.

Ziegler Capital Inc. is the senior manager.

Proceeds will be used to construct a senior living complex with 181 apartments.

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