Dallas and Fort Worth, Texas, to price $366.55 million airport bonds

By Sheri Kasprzak

New York, May 9 - The Cities of Dallas and Fort Worth, Texas, is set to price $366,545,000 of series 2013B joint revenue improvement bonds for the Dallas/Fort Worth International Airport, according to a preliminary official statement.

The bonds (A2/A+/A) will be sold on a negotiated basis with Morgan Stanley & Co. LLC and Cabrera Capital Markets LLC as the senior managers and Loop Capital Markets LLC and Stifel, Nicolaus & Co. LLC as the co-managers.

The bonds are due 2026 to 2050.

Proceeds will be used to finance improvements and additions to the airport.

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