Dallas and Fort Worth to sell $293.86 million of airport revenue bonds

By Sheri Kasprzak

New York, April 17 - The cities of Dallas and Fort Worth are set to sell $293.86 million of series 2012C non-AMT joint revenue refunding and improvement bonds for the Dallas-Fort Worth International Airport, according to a preliminary official statement.

The bonds (A1/A+/A+) will be sold on a negotiated basis. The senior managers are Loop Capital Markets LLC and RBC Capital Markets LLC. The co-managers are Jefferies & Co. and Raymond James/Morgan Keegan.

The bonds are due 2013 to 2031 with a term bond due in 2045.

Proceeds will be used to finance capital improvements to the airport, as well as to refund the airport's series 2001 revenue bonds.

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