Washington State Convention Center Public Facilities to sell $321.35 million lodging bonds

By Sheri Kasprzak

New York, Nov. 8 - The Washington State Convention Center Public Facilities District plans to price $321.345 million of series 2010 lodging tax bonds, according to a preliminary official statement.

The offering comprises $14.46 million of series 2010A tax-exempt bonds and $306.885 million of series 2010B Build America Bonds.

The bonds will be sold through senior managers Citigroup Global Markets Inc. and Goldman Sachs & Co. The co-managers are Morgan Stanley & Co. Inc., Loop Capital Markets LLC and Piper Jaffray & Co.

The 2010A bonds are due 2013 to 2014. The 2010B bonds are due 2015 to 2020 with term bonds due 2030 and 2040.

Proceeds will be used to acquire the Washington State Convention Center and construct improvements to the convention center.

Based in Seattle, the district maintains the convention center.

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