Hartford Stadium Authority, Conn., preps $59.83 million bond offering

By Sheri Kasprzak

New York, Feb. 6 – The Hartford Stadium Authority of Connecticut is expected to price $59,825,000 of series 2015 lease revenue bonds on Wednesday, according to a preliminary official statement.

The bonds (/A+/) will be sold on a negotiated basis with Jefferies & Co. and William Blair & Co. as the senior managers.

The deal includes $37,165,000 of series 2015A bonds and $22.66 million series 2015B taxable bonds.

The 2015A bonds are due 2017 to 2025 with term bonds due in 2030, 2035 and 2045. The 2015B bonds are due in 2025 and 2042.

Proceeds will be used to finance a portion of the cost of a minor league baseball stadium in downtown Hartford.

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