Dallas Cowboys Stadium to convert, remarket $126 million series 2007 bonds

By Cristal Cody

Springdale, Ark., May 6 - Cowboys Stadium LP plans to convert and remarket $126 million series 2007 stadium bonds on Wednesday, according to a remarketing circular.

Cowboys Stadium is a Texas partnership for the facilities of the Dallas Cowboys football team.

The bonds (Aaa/AAA/-) have an auction rate and will be converted to an initial weekly interest rate.

Bondholders are asked to voluntarily tender bonds for the conversion.

The bonds, due July 1, 2039, are insured by Ambac Assurance Corp.

Banc of America Securities LLC is the remarketing agent.

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