Texas Private Activity prepares $272 million offering of revenue bonds

By Sheri Kasprzak

New York, April 18 – The Texas Private Activity Bond Surface Transportation Corp. is set to price $272 million of series 2016 tax-exempt senior lien revenue bonds for the Blueridge Transportation Group LLC for the State Highway 288 toll lanes project, according to a preliminary official statement.

The bonds (Baa3/BBB-/) will be sold on a negotiated basis with Citigroup Global Markets Inc. and Barclays as senior managers.

The maturities have not been set.

Proceeds will be used to construct toll lanes and related facilities along U.S. Highway 288 from U.S. Route 59 to the Harris County line at Clear Creek.

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