Tulsa Airports Improvement Trust, Okla., to price $122.18 million airport revenue bonds

By Sheri Kasprzak

New York, Nov. 20 - The Trustees of the Tulsa Airports Improvement Trust will price $122.18 million in series 2009 general airport revenue bonds, according to a preliminary official statement.

The sale includes $42.29 million in series 2009A non-AMT bonds, $24.98 million in series 2009B non-AMT bonds, $3.975 million in series 2009C AMT bonds and $50.935 million in series 2009D taxable refunding bonds.

The bonds (A3/BBB+/) will be sold on a negotiated basis with J.P. Morgan Securities Inc. and BOSC, Inc. as the lead managers.

The 2009A bonds are due 2010 to 2024, and the 2009B bonds are due 2010 to 2031. The 2009C bonds are due 2010 to 2023, and the 2009D bonds are due 2010 to 2031.

Proceeds will be used to fund airport improvements, as well as to refund existing debt.

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