Lincoln Center in New York to price $100 million revenue bonds

By Cristal Cody

Tupelo, Miss., Sept. 12 - The Lincoln Center for the Performing Arts expects to price $100 million revenue bonds within the next two weeks, Daniel Rubin, chief financial officer, told Prospect News on Friday.

The series 2008C bonds (A2/A+/) are due 2018 and will be sold through the Trust for Cultural Resources of the City of New York.

Morgan Stanley is the senior manager of the negotiated sale. Banc of America Securities LLC is the co-manager.

Proceeds will be used to pay and reimburse costs for construction and renovations for the West 65th Street and the Lincoln Center Promenade projects and to pay administrative, legal, accounting, financing and other project expenses.

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