Los Angeles plans to sell $117.35 million solid waste revenue bonds

By Cristal Cody

Tupelo, Miss., Nov. 25 - Los Angeles expects to price $117.35 million in solid waste resources revenue bonds, according to a preliminary official statement.

The sale includes $67.435 million in series 2009A bonds with serial maturities from 2010 through 2022 and $49.915 million in series 2009B bonds with serial maturities from 2010 through 2020.

The bonds (Aa3/AA/AA-) will be sold through a negotiated sale directed by senior manager Stone & Youngberg LLC and co-manager Cabrera Capital Markets, LLC.

The proceeds will be used to refund the outstanding series 2001A bonds and to finance the acquisition of solid waste trucks, equipment and automated recycling containers.

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