Mid-Bay Bridge Authority, Fla., preps $279 million senior-lien debt

By Sheri Kasprzak

New York, May 4 – The Mid-Bay Bridge Authority of Florida is scheduled to price $279 million of series 2015 senior-lien revenue bonds on Tuesday, according to a preliminary official statement.

The deal will be conducted in three tranches, but the breakdown of those tranches was not immediately available.

The bonds (/BBB+/BBB+) will be sold on a negotiated basis with Goldman Sachs & Co. as the underwriter.

The maturities have not been set.

Proceeds will be used to provide cash for a reserve fund and to refund existing debt.

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