Denton, Texas, arranges $63.52 million certificate deal for Thursday

By Sheri Kasprzak

New York, April 19 - The City of Denton, Texas, plans to price $63.52 million of series 2013 certificates of obligation on Thursday, according to a preliminary official statement.

The certificates (/AA/AA+) will be sold competitively with First Southwest Co. as the financial adviser.

The certificates are due 2014 to 2033.

Proceeds will be used to acquire vehicles and equipment for the city's solid waste disposal system; acquire and construct extensions, renovations and improvements to the solid waste system; renovate existing municipal buildings; acquire and replace heating, venting and air conditioning facilities; construct and improve streets and traffic signals; improve the city's waterworks and sewer system; construct improvements to the city's electric light and power system; and pay all or a portion of the city's contractual obligations for professional services.

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