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Kentucky Economic Development to sell $359.997 million revenue bonds
By Sheri Kasprzak
New York, July 1 - The Kentucky Economic Development Finance Authority expects to price $359,997,155 in series 2008 Louisville Arena project revenue bonds, said a preliminary official statement.
The sale includes $100 million in series 2008A-1A, $100 million in series 2008A-1B, $80 million in series 2008A-1C, $2.505 million in series 2008A-2, $31,112,155 in series 2008A-3, $30 million in series 2008B and $16.38 million in series 2008C bonds. The 2008A-1A, 2008A-1B and 2008A-1C bonds are variable rate; the series 2008A-2 bonds are fixed rate; the series 2008A-3 bonds are capital appreciation bonds; and the 2008B and 2008C bonds are fixed-rate bonds.
Goldman, Sachs & Co. is the lead manager for the negotiated sale. The co-managers are M.R. Beal & Co., NatCity Investments, Ramirez & Co. and Siebert Brandford Shank & Co.
Proceeds will be used for the acquisition, construction, development and installation of an arena in Louisville for use as office space for Humana.
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