Lexington County School District No. 1, S.C., to price $116.3 million G.O. bonds Thursday

By Sheri Kasprzak

New York, Oct. 11 - The Lexington County School District No. 1 of South Carolina plans to price $116.3 million of series 2011 general obligation bonds on Thursday, according to a preliminary official statement.

The bonds will be sold competitively with Wells Fargo Securities LLC as the financial adviser.

The deal includes $6.6 million of series 2011B bonds and $109.7 million of series 2011C bonds.

The 2011B bonds are due March 1, 2012, and the 2011C bonds are due 2012 to 2036.

Proceeds will be used to defray the costs of certain improvements to the school district's facilities, as well as the acquisition of information technology equipment and improvements to roadway facilities.

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